Rössing Uranium awards N$12.8bn mining contract to Beifang

Rössing Uranium has awarded a N$12.8 billion (approx. USD 700 million) mining contract to Beifang Mining Services for a 13-year term to take over mining operations at its uranium mine in Namibia. The contract will enable Phase 4 operations, fully operational in 2027.

“The mining contract agreement–-spanning a duration of 13 years–-will allow the company to secure the necessary resources and expertise to sustain and enhance Rössing Uranium’s mining operations.”miningandenergy.com.na

• 1 source
• miningandenergy.com.naRössing Uranium awards Beifang N$12.8bn mining contracteditor See Full BioJul 10, 2023

Summarized from public sources; check the original articles before acting on it.