Namibia backs Extract uranium deal Matt Chambers From: The Australian July 06, 2010 12:00AM Increase Text Size Decrease Text Size Print Email Share Add to Digg Add to del.icio.us Add to Facebook Add to Kwoff Add to Myspace Add to Newsvine What are these? NAMIBIAN officials have publicly supported Extract Resources' right to the mine the big Rossing South uranium deposit.
The government says it has not been approached by Russia's state-owned nuclear company Rosatom about developing the project.
Last month, Russia and Namibia signed a five-year uranium co-operation agreement.
Rosatom then said it had applied to develop Rossing South and would be prepared to spend $US1 billion ($1.18bn) on uranium development in Namibia, leading to speculation a deal was brewing with the government.
Namibian Minister for Mines Joseph Iita moved to quash the speculation last week.
"Rosatom has not approached the government" on a mining licence for Rossing South, Mr Iita told the Windhoek Observer. "It is not true that the government will give a licence for Rossing South to Rosatom, because the licence there is not for Rosatom. We are a well-organised and run country and all our actions are done in line with the law," he said.
Start of sidebar. Skip to end of sidebar. End of sidebar. Return to start of sidebar. Extract needs a licence by April to proceed with plans to mine up to 6700 tonnes of uranium annually at South Rossing from 2013.
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