It is estimated that diamond mining in the land area of Namibia will dramatically decrease in 2020 with the depletion of diamond deposits, and this situation now makes the government, albeit slowly, turn its attention to seabed exploration and production organization there.

But given that offshore diamond mining is an expensive venture requiring large investments, the government seems to be focusing more on uranium mining, as this mineral is widely believed to be the future of the Namibian mining industry.

The Permanent Secretary of the Ministry of Mining and Energy, Joseph Iita, recently confirmed that the future of Namibia's mining industry could be linked to uranium, as its exploration and production is being intensified in the country.

According to reports, Namibia is going to become the world's third largest producer of uranium by 2015, as the country has one of the world's largest deposits of this mineral.

In 2008, the country became the fourth largest producer of this important raw material after Canada, Kazakhstan and Australia.

Joseph Iita further noted that "globally, the demand for nuclear fuel should significantly increase, as concerns about climate change and the reliability of energy supply lead to the revival of nuclear power plants, increasing the demand for uranium. For several years, prices for uranium have been growing, and the outlook for the uranium market remains positive.

http://rough-polished.com/ru/analytics/35075.html