Historic first blast
signalling the start
of construction at
the Husab uranium
project in Namibia
Windhoek, Namibia — 06 August 2013

The construction of the world-class Husab uranium mine in the Erongo region of Namibia is making good progress, as evidenced by the fact that contracts worth close to US$510 billion have been awarded.

“More than 45% of the value of the contracts went to Namibian registered companies,” said Swakop Uranium’s director of communication and stakeholder involvement Grant Marais reports allAfrica.com.     

Marais went on to say that many aspects of construction were underway, including the permanent road linking the mine to the B2 road between Arandis and Swakopmund, the Kahn River bridge, a temporary water pipeline, bulk earth works, camp construction and permanent power lines. “Progress to date is aligned with the project plan, which puts us on track to start exporting our product in the last quarter of 2015,” Marais added.

He revealed that the permanent access road and bridge construction over the Khan River is progressing well, and will be 22km in length on completion in April 2014.

The mine will use seven million cubes of desalinated water per annum in full production. “This water will be sourced from the existing desalination plant to ensure that the mine has no negative impact on the coastal water resources,” said Marais.

Power would be sourced from NamPower, and at peak production the mine would require 120 megawatts to drive all productions.

“Upon completion, the Husab mine will be the second largest uranium mine in the world after McArthur River in Canada,” said Marais.

At the current exchange rate, Swakop Uranium would have an annual turnover of N$10 billion once the Husab mine is in full production. This amounts to close to US$1 billion.

Furthermore, the Husab project will contribute 5% to the Namibian Gross Domestic Product, 20% to the country’s merchandise exports, and it will generate between N$1.1 billion and N$1.7 billion per year in government revenue.

The project will create more than 6,000 temporary jobs during construction, and about 1,800 permanent operational jobs. Husab has an estimated life of mine of more than 20 years.

Source: allAfrica.com. For more information, click here.