By: Justicia Shipena
FNB Namibia’s economist, Ruusa Nandago, believes that mining activities will continue to be a pivotal factor in propelling economic growth.
The primary catalyst for mining growth, particularly in the year 2024, is predicted to be uranium, buoyed by a favourable uranium price environment.
The anticipated resurgence of the Langer Heinrich Uranium mine, set to emerge from care and maintenance in 2024, is expected to significantly contribute to the overall expansion of the mining sector.
With a strategic goal of achieving a total production of 77.4 million pounds and sustaining this output throughout its 17-year life span, the Langer Heinrich mine is poised to play a crucial role in boosting the mining sector’s vitality.
“The economy will continue to rely on mining activity as a key contributor to growth,” Nandago stated.
Furthermore, the Rössing Uranium Mine has extended its life of mine to 2036 and aims to sell 1.4 million pounds of uranium in the current financial year.
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