overviewits quite obvious that the uranium boom in Namibia is...

overview


its quite obvious that the uranium boom in Namibia is going to heat up with building demand and limited supply...


http://en.rian.ru/world/20070316/62133893.html

Russia's PM expects talks in Namibia to spur economic ties
21:44 | 16/ 03/ 2007



WINDHOEK, March 16 (RIA Novosti) - Russia's premier said Friday he believes Russia and Namibia should boost economic cooperation.

Visiting Mikhail Fradkov said: "Economic cooperation with this country [Namibia] is lagging behind political dialogue," and urged cooperation between the two countries' ministries and departments involved to implement joint projects in the development of uranium deposits, energy, diamond production and fishing.

Fradkov said establishing a financial engineering company with VTB Bank and Capricorn Investment Holding, Namibia's financial industrial group, could be a financial basis for economic cooperation.

The Russian premier said measures should be taken to improve the efficiency of the bilateral economic cooperation commission and the legislative base of bilateral ties.

"We are optimistic about the future of our relations with Namibia," Fradkov said.

In July 2006, VTB and Capricorn Investment Holding set up a joint venture in Namibia. Under the contract, VTB's share in the authorized capital of VTB Capital (Namibia) (PTY) Ltd. will be 50% plus 2 shares.

The company is primarily designed to attract Russian businesses and investment to the Namibian market and African countries south of the Sahara Desert to develop jointly the most lucrative projects in the region, including securing international financing for projects.




http://en.rian.ru/business/20070317/62153790.html

Russia open to projects in mineral resources in Namibia - PM

17/03/2007 16:03 WINDHOEK, March 17 (RIA Novosti) - Russia is ready to participate in the development of mineral deposits in Namibia, Russia's premier said Saturday.

Visiting Mikhail Fradkov said talks with Namibian leaders covered issues of cooperation in the prospecting of oil, natural gas, diamond, gold and copper deposits in the southern African country.

But he said Moscow could face tough competition in this sector, as companies from many countries were willing to operate in the state, where mining accounts for 20% of GDP.

Namibia is one of the world's leading uranium producers, and Fradkov said Russia's participation in uranium production was also discussed during the talks.


http://en.rian.ru/world/20070317/62153320.html

Russia ready to build NPPs in Namibia
15:36 | 17/ 03/ 2007

WINDHOEK, March 17 (RIA Novosti) - Russia is ready to build nuclear power plants of different kinds in Namibia, Russia's prime minister said Saturday.

Mikhail Fradkov, currently on a visit to the African country, said after talks with its leaders that Russia was considering the construction of mini-plants and floating nuclear power plants that would use uranium or operate without using it.

"These are issues still to be discussed," he said.

The prime minister did not specify which Russian companies could work in the sector, saying only that the list of such companies was not limited and that Namibian leaders confirmed that there would be room for many.


http://en.rian.ru/business/20070223/61166642.html

Three Russian companies found JV to produce uranium in Namibia
19:56 | 23/ 02/ 2007



WINDHOEK, February 23 (RIA Novosti) - Russia's Techsnabexport, Renova and Vneshtorgbank have established a joint venture to produce uranium in Namibia, the head of the Russian nuclear agency said Friday.

"Our enterprises - Renova and Vneshtorgbank - already hold licenses to produce uranium in Namibia. We agreed to found a joint venture to prospect and produce uranium," Sergei Kiriyenko said after a meeting with Namibia's president, Hifikepunye Pohamba.

Russian Natural Resources Minister Yury Trutnev said Renova had won a tender to develop two uranium deposits in Namibia, whereas Russia's state-run foreign-trade bank Vneshtorgbank had received its license earlier.

Kiriyenko said: "We are ready to produce electric power together and sell it together."

Namibia's prime minister said earlier Friday his country and Russia are discussing the possible use of Russian nuclear technology to make up for Namibia's energy deficit.

Namibia expects a reduction in energy supplies from South Africa in the next three years and forecasts an energy deficit of 300 megawatts.

"The Russian side said there are a number of available technologies, one of them being nuclear," Nahas Angula told journalists after a meeting with the Russian delegation.

Angula said the environmental and economic expediency of using nuclear technology in bilateral cooperation should be assessed, adding that Namibia produces uranium.

The Namibian premier said he discussed cooperation prospects with Trutnev and Kiriyenko.

Angula also said one of urgent problems was to help south African countries, including Namibia, satisfy their energy needs.

In January, Renova Group, a management company, and Techsnabexport, Russia's state-run nuclear exporter, signed a cooperation agreement to set up joint ventures as part of a joint investment project to prospect and develop uranium deposits in Africa and Asia.

Techsnabexport and Russia's leading asset management company, headed by tycoun Viktor Vekselberg, plan to set up joint ventures in South Africa, Namibia and the Democratic Republic of Congo, the company said in a statement.

Minister of Mines and Energy Erkki Nghimtina said Namibian authorities hope for Russia's assistance in developing a state policy in the uranium sphere, which would make it possible to cancel a moratorium on uranium production licensing in the country.

"It would be good if our friends could help us form a policy in this sphere, as this could speed up the cancellation of the moratorium," he said.

The moratorium on uranium production was imposed in Namibia several weeks ago for security reasons, the minister said.

"There are countries that behave not seriously: they receive licenses, make money and leave," he said.

Nghimtina said the uranium industry is very important for Namibia, and that his country needs a national policy dealing with nuclear fuel issues.

Anna Belova, a Techsnabexport representative, said her company and Renova are ready to start geological prospecting work in Namibia, and that licenses could be formalized later.