Valencia mine
| Location | |
|---|---|
  Valencia mine | |
| Erongo Region | |
| Country | Namibia |
| Coordinates | 22°20′47″S 15°14′07″E / 22.346345°S 15.235205°E ⧼validator-fatal-error⧽ |
| Production | |
| Products | uranium |
| Owner | |
| Company | Forsys Metals |
The Valencia mine is a planned large open pit mine located in the western part of Namibia in Erongo Region. Valencia represents one of the largest uranium reserves in Namibia, having estimated reserves of 145.75 million tonnes of ore grading 0.016% uranium.[1] The Valencia deposit was named after the farm where the uranium deposits were found.[2]
If built, the mine was expected to produce 18 million tonnes of uranium a year during a 11-year period.[3] The mine is developed by Forsys Metals.[4]
History[edit]
The Valencia deposit was discovered by Trekkopje Exploration in 1972. In 1994, a licence was granted to Tsumeb Corp. a subsidiary of Gold Fields. In 2004, the licence was transferred to Tsumeb Exploration Company, a subsidiary of Ongopolo Mining & Processing. In 2005, Tsumeb was acquired by Forsys Metals.[5]
Preliminary environmental assessment for the mine was completed in the beginning of 2006. The pre-feasibility study was completed in May 2007. The environmental impact assessment and the environmental management plan were approved in June 2008.[6][7] In August 2008, the mining licence was granted.[2]
In 2013, the Valencia and the Namibplaas projects were consolidated as Norasa uranium project.[6][8][9][10] At the same year, Forsys Metals laid off most of the workers of the mine due to the low uranium price.[6] In 2014, it commenced the new feasibility study.[7][11]
Sale controversy[edit]
In 2008, it was announced that the project would be acquired by George Forrest International. The deal was cancelled in 2009. According to the documents published by Wikileaks, the deal was interfered by the United States and Canadian authorities because of the fear that George Forrest will sell uranium to Iran if it obtained the mine.[12][13]
References[edit]
- ↑ "Uranium in Namibia". world-nuclear.org. 2013. Retrieved 2013-06-25.
- ↑ 2.0 2.1 Weidlich, Brigitte (7 March 2008). "Govt grants 25-year uranium licence to Canada's Forsys". The Namibian. Retrieved 2018-09-25.
- ↑ "Valencia mine has 11-yr lifespan". The Namibian. 27 April 2007. Retrieved 2018-09-25.
- ↑ "Forsys Closes Non-Brokered Private Placement" (Press release). Forsys Metals. 21 September 2018. Retrieved 2018-09-23 – via Nasdaq.
- ↑ "Valencia Uranium Project. Public Meetings 23–26 April 2007" (PDF). Forsys Metals. Retrieved 2018-09-25.
- ↑ 6.0 6.1 6.2 "New Uranium Mining Projects - Norasa/Valencia, Namibia". WISE. Retrieved 2018-09-23.
- ↑ 7.0 7.1 Kaira, Chamwe (9 July 2014). "Forsys plans feasibility study for uranium project". The Namibian. Retrieved 2018-09-25.
- ↑ Gordon, Julie (28 May 2012). "Forsys plans bigger Namibia uranium mine". The Namibian. Retrieved 2018-09-25.
- ↑ Hartman, Adam (26 July 2013). "Valencia still developing – under the radar". The Namibian. Retrieved 2018-09-25.
- ↑ "Valencia developers confident about project". Namibia Economist. 1 July 2012. Retrieved 2018-10-09.
- ↑ "Forsys starts feasibility on Norasa uranium project". Namibia Economist. 11 July 2014. Retrieved 2018-10-09.
- ↑ Rayner, Gordon (2 February 2011). "WikiLeaks: Sale of uranium mine blocked over Iran fears". The Telegraph. Retrieved 2018-09-23.
- ↑ Clark, Campbell (17 January 2011). "Nuclear worries behind failed Forsys deal: WikiLeaks". The Globe and Mail. Retrieved 2018-09-23.
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