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    market news

    Namibia Uranium Mines Facing Water Shortage

    Vivien Diniz
    Nov. 19, 2013 08:51AM PST
    Energy Investing

    Bloomberg reported that droughts in southwest Africa’s Namibia has uranium mines operating the area facing water shortages. Some of the operators include Rio Tinto and Paladin Energy.

    Bloomberg reported that droughts in southwest Africa’s Namibia has uranium mines operating the area facing water shortages. Some of the operators include Rio Tinto and Paladin Energy.

    As quoted in the report:

    Volumes from the Omaruru Delta aquifer, about 200 kilometers (124 miles) northwest of the capital, Windhoek, have declined to 4 million cubic meters this year from 9 million cubic meters a year earlier, said Nehemia Abraham, under-secretary for water and forestry in the Ministry of Agriculture.

    Nehemia Abraham told Bloomberg:

    The water-supply situation at the coastal area has become too critical. Mining companies in the area will have to operate with less water. We are reviewing the situation now and from end of November we might be unable to get enough water from the aquifer to supply to mines.

    Click here to view the full report. 

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