Thursday, February 28, 2008

Namibia Chamber of Mines establishes Uranium Stewardship Committee

Namibia Chamber of Mines establishes Uranium Stewardship Committee
The Chamber of Mines of Namibia has established a committee to safe guard the interest of the uranium industry. The chamber said in a statement that the Uranium Stewardship Committee has been established due to the rapidly growing uranium industry in Namibia.
The chamber said establishment of the committee was done in line with the recently published World Nuclear Association’s stewardship principles which advocates for collective responsibility and commitment by all players to the safe and responsible management of the uranium product.
The chamber will develop a Regional Strategic Environmental Management Plan (SEMP in conjunction with the Southern African Institute for Environmental Assessment (SAIEA), the World Nuclear Association (WNA) and the International Atomic Energy Agency (IAEA).

Additional rigs at Husab Uranium Project

Additional rigs at Husab Uranium Project
Extract Resources now has three drill rigs operating at Rossing South discovery, which forms part of its wholly owned Husab Uranium Project in Namibia.
Extract said it considers Rossing South has excellent potential to host a significant uranium deposit under the sand cover and early progress has reinforced this view.

Forsys Metals Corp gets permission to abstract water

Forsys Metals Corp gets permission to abstract water
Forsys Metals Corp has received permits for the abstraction of ground water for the Valencia Uranium Mine in Namibia's Erongo Region from the Ministry of Agriculture Water and Forestry, Department of Water Affairs. The permits allow the company to abstract up to 1,000 cubic meters of water per day, a sufficient quantity to continue with the development of Valencia. The company is also continuing to work with the Namibia Water Corporation Limited, the bulk water supplier, in refining the terms and conditions for the long term supply of desalinated water to Valencia.
Forsys Metals Corp is focusing on creating shareholder value by developing uranium assets in Namibia. The Valencia uranium deposit is 100% owned and is one of only a handful of new uranium projects around the globe that is scheduled for production in late 2009.