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CGN Swakop Uranium Donated N$200 000 to Namibia for Drought Relief

2016-08-10

According to Namibia local media, the subsidiary of CGN Uranium Resources Co., Ltd., Swakop Uranium donated N$200,000 to Emergency Relief Fund of Namibia to help nearly 300,000 drought-affected Namibians.

Prime Minister Saara Kuugongelwa-Amadhila said at the donation ceremony, “The situation is compounded by the fact that SADC is affected as a whole by the drought which has been ongoing for three consecutive years now, we must ensure that no one dies of hunger and due to food shortages and prepare well for the upcoming rainy season. The donation will bring much-needed relief to over 595,839 people with a survival dilemma according to the 2016~17 Rural Food Security and Livelihood Vulnerability Forecast that was carried out by the Ministry of Agriculture.”

In May 2012, CGN established Swakop Uranium to take full responsibility of developing and operating Namibia Husab uranium mine project. Husab uranium mine locates in the Namib Desert in western Namibia which is one of the major discoveries in uranium resource exploration for Africa even for the world in last decade. Its uranium resources reserve ranks the third around the world with the total amount of triuranium octaoxide (U3O8) resources of 286,000 tons. Husab uranium mine is the largest industrial investment project of China in Africa. It is not only the landmark project for the trade cooperation between China and Africa, but also the significant project of “One Belt and One Road” strategy. Once the project completed and be put into operation, it would satisfy the consumption of natural uranium of 20 million-kilowatt nuclear power units for nearly 40 years, which would be of great significance in improving China’s natural uranium supply capacity. According to the CEO of Swakop Uranium Zheng Keping, Husab uranium project will be put into commissioning next year.

As a uranium development corporation of CGN, when Swakop Uranium is promoting the construction of Husab uranium, it also has been committed to creating opportunities to help Namibia to realize the development and the progress of the local society. In 2015, Swakop Uranium donated the same amount with a similar cause. According to the prime minister, the donation will make a considerable difference in changing the lives of Namibians who are struggling to survive. She said the Husab uranium mine is expected to make substantial contributions to the growth of the economy and export earnings.

Prime Minister left words on the visitor’s book

Prime Minister urged the mining industry to improve procurement policies to increase the share of local goods and services in mining procurement. She said it is vital that the mining industry continues to make a meaningful contribution towards employment creation by “assisting the creation of value chains including upstream and downstream linkages, which could create new enterprises and support industrialization”. Zheng assured the prime minister that the company had adjusted its procurement policies in favor of Namibian companies to promote localization in order to establish long-term partnerships with the players in the local market during the life of the mine operation.