Johan Coetzee

03 Sep

Rössing mulling expending lifespan to 2026

ObserverUncategorisedJohan Coetzee, Rössing Uranium Limited

CHAMWE KAIRA Rössing Uranium Limited is considering expanding the lifespan of the mine by another 10 years to 2036, Managing Director Johan Coetzee has said in an interview. Rössing Uranium Limited started production in 1976 and this year celebrated 45 years of production. “The mine is currently operating on an approved Life of Mine plan to 2026, however the Rössing Board of Directors granted formal approval to commence with a Feasibility Study (FS) to potentially extend the Life of Mine (LoME) from 2026 by another 10 years, in line with its recently approved Mine Licence extension to 2036,” Coetzee said.…

Rössing records N$503 million profit

ObserverUncategorisedJohan Coetzee, Managing Director, Rössing Uranium Limited

Staff Writer CNNC Rössing Uranium recorded a N$503 million net profit for period January 2019 to December 2019, an increase from N$166 million recorded in 2018, the company’s latest Report to Stakeholders shows. This comes as the uranium miner’s revenue was in line with those of prior year at N$2.82 billion during the period under review. “Lower sales volumes were largely offset by a more favorable exchange rate. However, a 15 percent reduction in operating costs had a positive impact on profits before tax. The reduced costs largely contributed to an improved net profit after tax from normal operations of…