Rössing Uranium Mine Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
BMN | C | Bannerman Resources Limited | -1.98 | |
PDN | C | Paladin Energy Ltd | -0.39 | |
EL8 | D | Elevate Uranium Ltd | -1.52 |
Related Industries: Industrial Metals & Minerals Uranium
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
ATOM | B | Global X Uranium ETF | 5.48 | |
URNM | C | Betashares Global Uranium ETF | 4.77 |
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- Rössing Uranium Mine
The Rössing Uranium Mine in Namibia is the longest-running and one of the largest open pit uranium mines in the world and is located in the Namib Desert near the town of Arandis, which is 70 kilometres from the coastal town of Swakopmund. Discovered in 1928, the Rössing mine started operations in 1976 and, in 2005, produced 3,711 tonnes of uranium oxide, becoming the fifth-largest uranium mine with 8 per cent of global output. Namibia is the world's fourth-largest exporter of uranium.In the apartheid era, the Rössing uranium mine was the focus for international criticism and protests by anti-apartheid and anti-nuclear groups, mainly in Europe. Reports that Rössing's uranium might be diverted to Iran, whose government owns 15% of the shares in the mine via its Iranian Foreign Investment Company, have been denied by the mine's management which maintains that the shareholding is entirely passive.
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