Oz firm targets 2011 start-up at Namibian uranium project
By: Matthew Hill
Published: 17 Sep 07 - 11:48
Australia-based uranium company Bannerman Resources said on Monday that a scoping study of its Namibian Goanikontes project indicated it to be economically viable, and that it could begin production in mid-2011, ranking the company within the top-ten nuclear fuel producers globally.
The mining and milling would be similar to that of diversified giant Rio Tinto’s nearby Rossing mine, with a maximum production target of 4 000 t/y of U3O8, Bannerman said in an emailed statement.
Capital costs for the project were projected to be between $363-million and $400-million, depending on the plant design.
Bannerman said that it would complete a bankable feasibility study of the project by the end of next year.
MD Peter Batten said that the project could see Bannerman rank within the top ten uranium producers in the world “almost immediately”.
Source: http://www.miningweekly.co.za/article.php?a_id=116968
Tuesday, September 18, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment