Uranium: Out of Africa

Uranium Investing News reports Canada and Australia clinched the highest spot of world uranium output in 2007.

Uranium mining and production is now on the rise in African nations such as Namibia (7 per cent in 2007), Niger (8 per cent ) and South Africa (1 per cent). Botswana may soon join the ranks of its neighbor, Namibia. The government of Botswana recently issued around 138 uranium prospecting licenses for uranium and exploration is occurring “across the length and breadth of Botswana,” said Minerals Minister Ponatshego Kedikilwe.

Latest reports out of the continent are Nigeria is working with Russia to establish uranium mining and nuclear power plants, Tanzania has recently issued 70 uranium exploration licenses, and South Korea is attempting to secure energy supplies out of Niger.

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