Chinese Move to Control World's Fourth-Largest Uranium Mine in Namibia
Posted on December 21, 2011 at 01:09 AM EST
JOHANNESBURG--December 21, 2011--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Swakop Uranium, a wholly owned subsidiary of Extract Resources Limited (ASX:EXT) (South Perth, Australia), has been issued with a mining license by Namibia's Ministry of Mines and Energy. This signals the go-ahead for Extract to develop the world's fourth-largest uranium deposit at Husab in Namibia.