Rio Tinto CEO Tom Albanese, who is now visiting Namibia, has expressed optimism about the uranium-mining sector after 2020, due to improved interest in nuclear energy generation. This is notwithstanding concerns over the use of nuclear power – such as nuclear safety, nuclear waste storage, and nuclear explosion which he said must be strictly managed for uranium demand to reach its full potential.
Rio Tinto, which owns 69 percent of Rössing Uranium Limited, is also the foremost international mining company. Albanese said the renewed interest in Namibia’s uranium will probably only interpret into significant new demand at the end of this decade, while prices would remain for a while at present levels. Notwithstanding, he said, Rio Tinto’s investment in uranium and Rossing will be extended term and “forward looking”.
Rossing’s lifespan is predictable to go beyond 2023 “and beyond”, and has made significant contributions to the national economy. “However optimistic we may be about the upswing, just keep in mind it will only take another Chernobyl or 3 Mile Island to set the industry back another two decades,” cautioned Albenese. Mining in Namibia has added N$3.6 billion to national fixed investment, and with the expected opening of latest uranium mines and the reopening of copper mines, fixed asset is likely to further grow and economic activities increase.
Rio Tinto, which owns 69 percent of Rössing Uranium Limited, is also the foremost international mining company. Albanese said the renewed interest in Namibia’s uranium will probably only interpret into significant new demand at the end of this decade, while prices would remain for a while at present levels. Notwithstanding, he said, Rio Tinto’s investment in uranium and Rossing will be extended term and “forward looking”.
Rossing’s lifespan is predictable to go beyond 2023 “and beyond”, and has made significant contributions to the national economy. “However optimistic we may be about the upswing, just keep in mind it will only take another Chernobyl or 3 Mile Island to set the industry back another two decades,” cautioned Albenese. Mining in Namibia has added N$3.6 billion to national fixed investment, and with the expected opening of latest uranium mines and the reopening of copper mines, fixed asset is likely to further grow and economic activities increase.
No comments:
Post a Comment