Rössing Uranium Mine continues to carve out a significant niche in the global energy landscape, contributing approximately 4% of the world’s primary uranium production in 2024, the company’s 2024 Sustainability and Performance Report reveals. This contribution, translating to 5.7 million pounds of U3O8 mined and 5.5 million pounds sold, underscores

Due to water challenges, Rössing Uranium recorded a revenue decline of 9%, bringing the total revenue for the year ended 31 December 2024 to N$5.925 million. This also led to a profit after tax of N$1.028 million from N$1.340 million in 2023. “Revenue for the year declined by 9% compared to 2023. This was mainly due to 20% lower sales volumes resulting from a one-month major maintenance shutdown, followed by a delayed start-up, water-related challenges, and technical difficulties at the processing plant,” reads the company’s sustainability report. However, the company still paid its shareholders higher dividends than it did in 2023. According to the report, the board declared and paid 68 cents per share as an interim dividend for 2024 amounting to N$112 608 000, compared to N$99 360 000 in 2023. “Subsequent to the year end, the board recommended and the shareholders approved, a final dividend for 2024 of 68 cents per share, amounting to N$112 608 000 (2023: N$105 984 000),” read the report. Of the N$5.2 billion spent on goods and services in 2024, N$4.3 billion was procured from Namibian registered suppliers. Meanwhile, 10% of goods and services were imported from South African suppliers and 6% imported from other international suppliers. Rössing Uranium produced 2 600 metric tonnes of uranium oxide for the year, a decline when compared to 2 920 metric tonnes in 2023. A total of 30 million metric tonnes of material were mined from the open pit, while eight million metric tonnes of ore were milled. Rössing Uranium managing drector Johan Coetzee says the construction of an 18 MWp/15 MW AC photovoltaic solar power plant is still ongoing. The solar plant is set to supply power to the Rössing processing plant via a 6 800-metre overhead transmission line. “This development marks a key milestone in the company’s commitment to green energy production and long-term sustainability goals,” says Coetzee. Additionally the mine completed the implementation of phase four pushbacks that focused on extending its life of mine. Rössing Uranium is Namibia’s first commercial uranium mine and commenced operations in 1976, becoming one of the world’s longest-running open-pit uranium mines. Originally developed by Rio Tinto, Rössing Uranium became majority-owned by China National Uranium Corporation Limited in 2019. The post Rössing Uranium records decline in profits appeared first on The Namibian.

Chamwe Kaira  Rössing Uranium produced 2,600 metric tonnes of uranium oxide in 2024, down from 2,920 metric tonnes in 2023, according to the Sustainability and Performance report. The mine extracted 30,334,678 metric tonnes of material in 2024, compared to 16,683,199 metric tonnes the previous year. Ore milled decreased to 8,486,056 metric tonnes from 9,301,890 metric tonnes in 2023. Revenue fell by 9% due to a 20% drop in sales volume following a month-long major maintenance shutdown, a delayed restart, water-related challenges, and technical issues at the processing plant. Despite these setbacks, Rössing Uranium made a net profit after tax of N$1.028 billion from normal operations in 2024, down from N$1.340 billion in 2023. The board declared an interim dividend of 68 cents per share for 2024, totalling N$112 million, up from N$99.3 million in 2023. The company spent N$5.23 billion on goods and services, an increase from N$3.88 billion in 2023. Most spending occurred in the Erongo Region (48%) and the Khomas Region (42%), with 10% going to other regions, including the Northern Region, driven by a sulphuric acid supply deal with Sinomine Tsumeb Smelter (Pty) Ltd. Several key projects planned for 2024 aim to support phase 4 of the Life of Mine Extension (LoME), which seeks to supply ore beyond 2027. The company completed critical infrastructure works, including relocating powerlines and other facilities. Construction began in the first quarter of 2024 on an 18 MWp/15 MW AC photovoltaic solar power plant. This plant will supply electricity to the processing plant via a 6,800-metre overhead transmission line. Rössing said the development marks a key step toward green energy production and long-term sustainability. Progress continued on the thickened tailings LoME project. A horizontal belt filter pilot plant was built and commissioned in the last quarter of 2024. It was integrated into the existing processing plant and will test methods to improve thickened tailings management for future operations. Rössing said LoME projects will remain a strategic priority as the company works to extend the mine’s life beyond 2026.

Government looks to improve Rössing shareholding NBC Online Tue, 04/15/2025 - 15:17

President Netumbo Nandi-Ndaitwah has reiterated her administration’s stance on mineral value addition and beneficiation, describing it as a cornerstone of Namibia’s economic transformation strategy. During her first familiarisation visit to the Rössing Uranium Mine at Arandis on Saturday, Nandi-Ndaitwah noted that her visit was a signal of the government’s renewed commitment to ensure that natural resources meaningfully improve the lives of Namibians, especially youth. “It shall not be business as usual and in the Swapo Party manifesto, we identified natural resources beneficiation as a key catalyst for economic transformation and job creation for our young people. “I am here to ensure that the mining sector transforms the livelihoods of our people by becoming the bedrock on which we build an industrial and manufacturing base,” she stressed. The president commended Rössing Uranium’s resilience and welcomed the extension of the mine’s life from 2027 to 2036, aligning it with the national agenda of value addition to drive sustainable development. She urged the mining sector to go beyond extraction and actively contribute to socio-economic development. “We want mining companies to invest in local economies by supporting job creation, training, scholarships, internships and youth entrepreneurship,” she said, adding that workers deserve living wages, decent housing and dignified retirement benefits. She further called on Rössing Uranium to prioritise sustainable mining practices that promote environmental stewardship and community upliftment, and acknowledged the contributions of the Rössing Foundation in education, health, agriculture and community development. The president championed a mixed energy policy and emphasised the peaceful use of Namibia’s uranium. “Let us move towards the realisation of a nuclear power plant in Namibia. We need clean and reliable energy to lift our people out of poverty,” she said. Rössing Uranium board chairperson, Steve Galloway echoed the president’s sentiments, affirming the alignment between the company’s vision and national development goals. “Our majority shareholder, CNNC/CNUC, thinks strategically and long-term, they think Namibia,” he said. Galloway hailed the mine’s recent performance as among the best in its 49-year history, with the board recently extending the mine’s life to at least 2036. He noted Namibia’s emerging position as a global uranium leader, with potential to become the second-largest producer after Kazakhstan. He emphasised the need for a fair “government take” from resource rents that balances the interests of Namibians and investors, calling for an evidence-based, consultative approach. Managing director Johan Coetzee outlined the mine’s technical and operational achievements, noting that the Phase 4 expansion, launched in 2024, will extend operations to 2036. With a workforce that is 98.7% Namibian, Rössing continues to explore additional zones like Z17, Z19, and Z20 for further longevity. Coetzee, however, acknowledged safety challenges in 2024, including a fatality and an increased number of injuries linked to expansion activities. “Significant efforts have been made to address these elevated risks,” he said. * Nampa The post Nandi-Ndaitwah pushes for mineral beneficiation appeared first on The Namibian.