Roessing Uranium Limited

The government of Namibia, celebrating the first anniversary (Marsh 21) of the country's independence from South African rule, is looking to Roessing Uranium Limited (RUL) to improve the economic health of the country. RUL is Namibia's largest employer, producer of one third of the country's exports and 13 percent of its domestic product. The Roessing mine is the second largest uranium mine in the world, producing over 108 million pounds U3O8 from 1976 through 1989, and still holding an estimated 322 million pounds in reserves. Yet Roessing is one of the lowest grade uranium deposits ever commercially exploited, with an average grade of only 0.035 w/o U3O8. To efficiently develop such a low-grade deposit, RUL uses extensive real-time cost analysis systems and has the highest rock production rate (ore plus waste) of any uranium mine in the world, over 300 thousand tons per day