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A Decision by the Ministry of Agriculture, Water and Forestry to allow a planned new uranium mine in an arid area southwest of Usakos to use large quantities of underground water is being challenged in the High Court. The case questioning the Ministry's decision to grant water abstraction permits to Valencia Uranium was filed with the High Court on Thursday.
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The worldwide scramble for energy sources due to dwindling fossil fuel reserves has placed renewed emphasis on nuclear energy as solution for future needs. As a result, Namibia in south-western Africa is experiencing a uranium boom. With around 3,800 tons of annual production, Namibia is the world’s sixth largest uranium producer. Its delivery of seven percent of world uranium production has led to the country being wooed by big powers that wish to secure supplies for their nuclear energy expansion plans. Spot prices doubled in 2007, reaching 136 dollars per pound but recently levelling at around 82 dollars a pound.
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A shortage of energy and water will cap future uranium mine expansion in Namibia, but the country hopes to ease the bottlenecks through desalination and a new coal-fired power plant, an industry body said on Wednesday. The government has issued some 50 exclusive prospecting licenses for more uranium mining firms, but output of uranium is dependent on the availability of water.
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WINDHOEK, June 20 (Reuters) - French nuclear reactor maker Areva (CEPFi.PA: Quote, Profile, Research) plans to build a $750 million mine in Namibia after it gets a mining licence, and construction could start as early as next month, a senior official said on Friday.
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WINDHOEK, Namibia: Namibia has licensed its third uranium mine, giving the contract to French nuclear reactor builder Areva. Africa's second largest producer of the mineral granted Areva a mining license and environmental clearance certificates Wednesday for the Trekkopje Uranium Project.
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WINDHOEK, April 21 (Reuters) - Namibia's High Court has ruled as invalid permits allowing Forsys Metals Corp. (FSY.TO: Quote, Profile, Research) to extract groundwater in the Namib Desert, disrupting the Canadian company's plans to construct a uranium mine. Forsys announced on Feb. 12 that Namibia's agriculture, water and forestry ministry had granted it permits to drill and extract up to 1,000 cubic litres of water per day for the construction of its Valencia mine. It said the perm
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