Jump to navigation

Vol 49 No 24

Published 28th November 2008


Namibia

Swapping Stakes

There are over sixty current prospecting licences for uranium in Namibia

As Namibia's economy faces international pressure, its central bank, the Bank of Namibia, has revised its forecast for this year's real gross domestic product growth to 3.9% from 4.7%. The government is keen for foreign investors to develop its large, easily-accessible uranium reserves in the central Namib desert. Up to ten mainly junior Australian and Canadian exploration firms have been tempted to invest in the past three years by the sharp rise in the uranium price.

End of preview - This article contains approximately 923 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.