CHAMWE KAIRA
Deep Yellow Limited has awarded two major civil and concrete construction contracts worth a combined figure of N$391million for its flagship Tumas uranium project in the Erongo region marking another step towards the project’s planned final investment decision (FID) later this year.
The company said the contracts form part of its project execution strategy aimed at securing critical construction capabilities ahead of major development activities while maintaining flexibility as it works towards an anticipated FID in the fourth quarter of 2026.
Deep Yellow managing director and chief executive officer Greg Field said the contract awards represent another milestone in the company’s approach to project development.
“Our objective has always been to systematically remove execution risk, secure high-quality contractors and ensure the project is positioned for efficient delivery as we advance toward FID towards the end of this year,” Field said.
He added that civil and concrete works are fundamental to the successful delivery of a major processing facility and that securing these capabilities in advance would create multiple construction work fronts, providing greater execution flexibility once the project receives final approval.
Following a competitive tender process, Deep Yellow awarded the first contract to Namibia Construction (Pty) Ltd.
The contract, valued at approximately A$18.5 million (N$213 million), covers reinforced concrete construction within the beneficiation, leach feed thickening and tailings transfer facilities.
It also includes the fabrication and installation of precast concrete elements across the processing plant, as well as the design and construction of a reinforced earth retaining wall for the run-of-mine stockpile.
The second contract, valued at approximately A$15.5 million (N$178 million), was awarded to Nexus Building and Civils Contractors (Pty) Ltd.
The scope includes the construction of reinforced concrete foundations, plinths, slabs and associated embedded infrastructure across the balance of the processing plant.
According to Deep Yellow, both contracts have been awarded to established Namibian-owned companies and are expected to be executed predominantly by Namibian workforces.
The company said the appointments reflect its commitment to supporting local industry, developing domestic construction capacity and maximising the economic benefits of the Tumas project within Namibia.
Mobilisation for the contracts is expected to begin in August 2026, with the civil and concrete works to be carried out sequentially.
Deep Yellow said the contracts do not change the project’s planned 24-month construction schedule following the final investment decision.
However, the early mobilisation is expected to establish multiple concurrent work fronts, improve execution flexibility, reduce scheduling risks and strengthen confidence in the successful delivery of the Tumas project.
