Uranium mining opens opportunities for forwarders

Good news for the Namibian freight industry is that Australian company Extract Resources has announced that its subsidiary, Swakop Uranium, has received environmental approval from Namibia’s Ministry of Environment and Tourism for its Husab Uranium Project. Approval of the EIA and EMP is a necessary step for obtaining a mining licence for Husab, which is the fifth-largest uranium-only deposit in the world. The mining licence application was lodged with Namibia’s Ministry of Mines and Energy during December 2010. Namibia’s freight industry has been kept busy over the past few years with the development of a number of uranium mines. The bulk of the work lies in bringing in the equipment for the mines – most of which is imported through the port of Walvis Bay, and which usually includes a desalination plant. Demand for uranium continues to grow as the world switches from fossil fuels to nuclear power for electricity generation.