Namibian and Chinese government officials have announced that construction of a new uranium mine in Namibia will begin and is expected to be completed sometime in 2014.

The Husab mine in the western Erongo region will cost about US$129 million, with the first production batch of uranium ore expected in 2015.

The mine is located 60 Km north-east of Swakopmund and is reported to have at least 142 000 t of uranium resources in-situ with an average grade of about 0.04% that could be mined for more than 20 years.

Full production is expected by 2017, with mining from two separate open pits feeding ore to a conventional agitated acid leach processing plant.

Namibian state mining company, Epangelo Mining, owns 10% of the Husab project while Chinese state-owned China Guangdong Nuclear Power Holding Corp. is a major owner with 90% interest.

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