SOMP - Society of Mining Professors

Societät der Bergbaukunde

Uranium Boom in Namibia – Hausse or Baisse - Springer

Uranium Boom in Namibia – Hausse or Baisse - Springer:

Uranium Boom in Namibia – Hausse or Baisse


Abstract

Uranium has been mined in Namibia since the 1970s. The worldwide increasing need for energy in the early 2000s has triggered an increased interest in uranium exploration, often referred to as “the Namibian Uranium Rush”. All in all, five mining licenses have been granted by the Namibian Government, with currently two mines in operation, a third under construction undertaking trial mining, the fourth under care and maintenance after completing a large scale and successful trial period and the fifth in project finance negotiations. In addition, highly intensive prospecting activities at additional deposits are at an advanced stage. The finalization of the strategic environmental impact assessment (SEA) on uranium mining in 2010, the first of its kind and scale in the world, has enabled the Namibian government to assess this uranium rush and its tremendous legal, socioeconomic and environmental impacts and to prepare for different future scenarios, including both, a skyrocketing and a complete breakdown of demand scenario. The Fukushima disaster and plans of the Namibian government to significantly increase royalties and company taxes in 2011 have threatened the market situation, forcing investors to reevaluate Namibian uranium mining projects. However, with the tax and royalty increase initiative since withdrawn, most projects have soon been back on track with significant pace, when again low market prices hampered some of the projects or even completely put them on hold.

SME attended & participated in the 2014 SOMP meeting in South Africa June 28.

SME attended & participated in the 2014 SOMP meeting in South Africa June 28.:



SME attended & participated in the 2014 SOMP meeting in South Africa June 28.

SME attended & participated in the 2014 SOMP meeting in South Africa June 28.
SME Deputy Executive Director, John Hayden, SME 2013 President, Dr. Jessica Kogel and SME 2010 President Dr. Nikhil Trivedi, attended the 2014 SOMP (Society of Mining Professors) meeting that included a one-day session and the University of Witwatersrand. The University of Witwatersrand's School of Mining Engineering is the largest on the African continent and in the English speaking world. The School of Mining Engineering at the University of Witwatersrand has 900 students that includes 250 graduate students.






The Keynote at the SOMP meeting on June 28 at the University of Witwatersrand was given by Nick Holland, CEO of Gold Fields, a global gold mining company with operations in Peru, Australia, Ghana and South Africa.


Nick Holland, CEO of Gold Fields speaking to the group.

 His address, The State of the Gold Mining Sector, focused on seven specific themes of how the industry should respond the current downturn in global mining, specifically gold mining, in order to maintain their competitiveness:

1. The industry should focus on cash returns, not production growth. To do this the industry needs to restructure itself, shed excess labor, and shut down marginal operations.

2. Industry should mechanize with more remote control to improve safety and keep the miner away from the mine face.

3. Industry should innovate in use of robotics, deep level mechanized mining, drill & blasting, transportation and processing.

4. Industry should "up-skill" by going from Jurassic park to joystick. Mining departments should change curriculum and cater more to Y generation skills of working in control rooms, not ore front.

5. Industry should focus more on creating value for the community by engagement to obtain and maintain their social license to operate.

6. Industry should better communicate the benefits of the industry including the economic impact.

7.  Industry should partner with stakeholders such as government, labor, communities, and developing agencies to improve transparency in communications.



Taken at SOMP meeting at University of Witwatersrand on June 28 in Johannesburg, South Africa.
L-R: Dr. Vladislav Kecojevic, West Virginia University, Dr. Michael Nelson, University of Utah, SME's John Hayden, SME 2013 President, Dr. Jessica Kogel, Dr. Christopher Bise, West Virginia University, Dr. Michael Karmis, Virginia Tech, SME 2010 President Dr. Nikhil Trivedi. Not pictured Dr. Deborah Shields, Colorado State Univ.




The Society of Mining Professors (SOMP) is a global academic community committed to make a significant contribution to the future of the minerals disciplines. The main goal of the Society is to guarantee the scientific, technical, academic and professional knowledge required to ensure a sustainable supply of minerals for mankind. The Society facilitates information exchange, research and teaching partnerships and other collaborative activities among its members.
Learn more at http://www.miningprofs.org/.


University of Witwatersrand's School of Mining Engineering in Johannesburg, South Africa.

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