China has joined the race for Namibia’s uranium, a strategic resource upon which rest many social and economic hopes in Windhoek.
The Chinese firm Guangdong has already made an offer for over one billion Euros to purchase the rights to develop the mining of a unit of the Australian firm, Rio Tinto, which controls some 43% of the uranium deposit in Husab.
The project has a capacity to produce some 15 million pounds of uranium per year, which is only second to the Canadian uranium mines at McArthur River.
“China Daily” reported that the acquisition attempt is part of the national strategy aiming to reach by 2020 a capacity to generate electricity from an atomic source reaching at least 86 GigaWatt, which is eight times the current amount.
Recently, sources from the Chinese entity responsible for Energy Policy saying that between 2020 and 2030, China will surpass the USA in terms of uranium consumption.