The Ministry of Environment, Forestry and Tourism of Namibia extends environmental certificates and exclusive licenses to continue uranium exploration
In July 2022, the Ministry of Environment, Forestry and Tourism of Namibia has extended the validity of the four Environmental Clearance Certificates and 4 Exclusive Prospecting Licenses (EPL) for the project Headspring Investments, making it possible to resume uranium exploration in the deposits of the country.
Headspring Investments, a Namibian subsidiary company of the Russian company Uranium One, is one of Namibia's largest license holders to explore uranium deposits suitable for mining by in-situ recovery, controlling an area of more than 7,000 square kilometers. The company has been conducting exploration work in Namibia since 2010, and has 8 Exclusive Prospecting Licenses (EPL). Earlier this year Headspring Investments applied for an extension of 4 EPLs (4654, 4655, 4656, 4657). The extension will now be finalised after receiving the Environmental Clearance Certificate (ECC) for each EPL. The licenses obtained allow for year-round, full-scale prospecting and exploration.
Namibia is among the top countries in the world in terms of uranium reserves. Uranium mining is important to the country's economy: in 2020, Namibia had the third-largest uranium production after Kazakhstan and Australia. Uranium is one of six minerals that have been declared strategic by the Namibian Government. The development of new deposits will make a significant contribution to Namibia's economic security and contribute to the further sustainable development of the region.