# 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.

- Type: Contract
- Announced: 2023-07-10
- Where: Namibia, Namibia
- Value: $700.0M (12.8B NAD)
- Status: announced
- Products: uranium mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Rössing Uranium Limited](https://endata.com/companies/71344.md) (customer)
- [Beifang Mining Services](https://endata.com/companies/71345.md) (supplier)

## Sources

- [miningandenergy.com.na](https://miningandenergy.com.na/roessing-uranium-awards-beifang-n-12-8bn-mining-contract/), 2023-07-10: "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."

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