# CNNC Overseas cleared for joint venture in Etango uranium project

The Namibia Competition Commission approved a joint venture between CNNC Overseas Limited and Bannerman Energy (UK) to develop the Etango uranium project near Swakopmund, Namibia. CNNC Overseas will acquire a minority stake and joint control of Bannerman Energy (UK).

- Type: Acquisition
- Announced: 2026-06-09
- Where: near Swakopmund, Erongo region, Namibia
- Status: announced
- Products: uranium
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [CNNC Overseas Limited](https://endata.com/companies/15728.md) (acquirer)
- [Bannerman Energy (UK) Limited](https://endata.com/companies/15729.md) (target)
- [Bannerman Mining Resources Namibia](https://endata.com/companies/15730.md) (target)

## Sources

- [marketwatch.com.na](https://marketwatch.com.na/market-watch/cnnc-cleared-for-etango-uranium-joint-venture-nmh011871-3015-14344), 2026-11-04: "The Namibia Competition Commission approved with conditions a joint venture between CNNC Overseas Limited and Bannerman Energy (UK) Limited to develop and commercialise the Etango project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.