Uranium Mining at Namibia’s Husab to Start in May, CGNPC Says

China General Nuclear Power Holding Corp., the country’s biggest producer of nuclear energy, intends to start mining at its Husab uranium project in Namibia in May and process the first uranium oxide next February.

“We have been clearing the overburden of sand and we will start mining ore from May onwards,” Percy McCallum, spokesman for CGNPC’s Namibian unit, Swakop Uranium, said in an e-mailed response to questions on Friday. “We expect to have stockpiled 1 million tons of ore by December.”

The $2 billion Husab mine, China’s largest investment in Namibia, will have the potential to produce 15 million pounds of uranium oxide when fully operational in two years. Namibia, currently the world’s fifth-largest producer of uranium, will overtake Niger and Australia by 2017 because of Husab’s production, Zheng Keping, Swakop Uranium’s chief executive officer, said in May.

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