CAPE TOWN Feb 8 Namibia's mines and energy
minister expects the country's flagship uranium mine, the $2
billion Chinese-backed Husab project, to reach full output by
August following delays last year due to a fire at its
“We expect them to reach full production within six months,”
Obeth Kandjoze, Minister of Mines and Energy, told Reuters at an
African mining conference.
He said there had not been a "flurry" of activity after a
decade-long moratorium on uranium exploration was lifted last
month, but predicted a global recovery of uranium prices amid a
slew of new reactor projects worldwide.
Kandjoze added that Olso-headquarted BW Offshore
will pay $10.2 million to Namibia's national oil company for a
56 percent farm-in stake in the Kudu gas development, seen as a
key future power source to the southern African country.
(Reporting by Wendell Roelf; Editing by James Macharia)