Uranium Set to Overtake Diamonds as Namibia’s Largest Foreign Currency Earner

Businesswire reports on the recent report from Research and Markets on uranium market in the Namibian Mining Industry.

The press release is quoted as saying:

Global economic trends such as rising commodity prices, surging demand for commodities by emerging economies and spiralling global demand for energy has resulted in strong investor interest in Namibia’s uranium, diamond and copper mining sectors. High uranium prices, paralleled by growing global demand for energy, will result in Namibia doubling its uranium production to approximately 12,000 tonnes by 2015 from the 5,300 tonnes the country produced in 2009, notes the analyst of this research. Namibia’s extensive uranium deposits, coupled with the expansion of existing mines, will result in the country’s uranium production increasing sharply in the short to medium term.

Click here to access the entire news release.