Namibia’s uranium mining industry to benefit from Russia’s nuclear energy revival

By  |  0 Comments

[show_avatar align=left avatar_size=50]Namibia’s mining industry is set to benefit from renewed Russian interest in the expansion of its nuclear energy technology development program. This comes in the wake of Russian president Dmitry Medvedev’s signing of an executive order directing state institutions to expand their nuclear energy development goals.

According to the Kremlin website, Medvedev yesterday designated nuclear energy development as a “priority development area”, among other development objectives in the country’s science, technology and engineering fields.

Medvedev said the development priorities in science, technology and engineering were meant to fast-track the modernisation Russia’s economy and global competitiveness.

The Kremlin reports that Russia will also be expanding its efforts in counter-terrorism; nanosystems; information and telecommunications systems; life sciences; advanced weapons, military and special technology; environmental management; transport and space systems and energy efficiency.

Russia has expressed interest in increasing its investment in Namibia’s uranium mining industry. Namibia is the world’s fourth largest producer of uranium, with at least 10 percent of global uranium deposits.