Also known as: Bannerman Energy (United Kingdom) · Bannerman Energy Ltd
Australian uranium developer advancing the Etango Uranium Project in Namibia's Erongo region towards final investment decision with Chinese partnership.
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Windhoek Observer
Bannerman Energy is targeting workforce comprising more than 80% Namibian employees
“Bannerman Energy is targeting a workforce comprising more than 80% Namibian employees as it prepares to advance the Etango Uranium Project in the Erongo region towards future operations.”
Bannerman targets more than 80% Namibian workforceWindhoek Observer
Bannerman Energy said it will advance implementation of workforce plan through staged recruitment and capability development
“Bannerman said it will advance implementation of its workforce plan through staged recruitment and capability development, while establishing a human resources information and payroll system to support organisational growth.”
Bannerman targets more than 80% Namibian workforceThe Namibian
Bannerman Energy's Etango project generated more than 1,000 jobs during development phases
“Uranium initiatives such as Bannerman Energy's Etango project and Deep Yellow's Tumas project generated more than 1 000 jobs during their development phases.”
Urgent Action Needed on BeneficiationNew Era
Bannerman Energy has already generated more than 1,000 jobs through Etango Uranium Project
“She welcomed the progress already made, saying projects such as Bannerman Energy's Etango Uranium Project and Deep Yellow's Tumas Uranium Project have already generated more than 1 000 jobs, with thousands more expected as construction advances.”
Mines pump N$24b into economyThe Namibian
Bannerman Energy created over 1,000 jobs at Etango Uranium Project
“These projects have translated into over 1 000 jobs at Bannerman Energy's Etango Uranium Project and Deep Yellow's Tumas Uranium Project, and more jobs are expected to be created.”
President Netumbo Nandi-Ndaitwah Calls for Mining-Led Growth and Job CreationWindhoek Observer
Bannerman Energy says construction of early works remains on schedule and within budget
“Bannerman Energy says construction of early works at its Etango Uranium Project in the Erongo Region remains on schedule and within budget, while the company expects to complete its strategic financing and joint venture transaction with CNNC Overseas Limited (CNOL) during the third quarter of 2026.”
Bannerman’s US$321.5 million financing nears completionWindhoek Observer
Bannerman Energy expects to complete strategic financing and joint venture transaction with CNNC Overseas Limited during the third quarter of 2026
“Bannerman Energy says construction of early works at its Etango Uranium Project in the Erongo Region remains on schedule and within budget, while the company expects to complete its strategic financing and joint venture transaction with CNNC Overseas Limited (CNOL) during the third quarter of 2026.”
Bannerman’s US$321.5 million financing nears completionWindhoek Observer
Bannerman Energy signed definitive permanent water supply agreement with NamWater for Etango project
“Bannerman Energy has signed a definitive permanent water supply agreement with NamWater for its Etango uranium project, marking a key milestone as the company advances towards a final investment decision (FID).”
Bannerman secures permanent water supply for Etango projectWindhoek Observer
Bannerman Energy signed first uranium offtake agreements with Tier-1 North American utilities
“Following the reporting period, the company signed its first uranium offtake agreements in September 2025 with Tier-1 North American utilities.”
Bannerman secures permanent water supply for Etango projectThe Namibian
Bannerman Energy Ltd is expected to generate dividend income for One Economy Foundation from around 2031
“It says its 5% shareholding in Bannerman Energy Ltd is expected to generate dividend income from around 2031, subject to the company's performance.”
One Economy Foundation cuts 12 jobs following funding reductionBannerman Energy is targeting a workforce comprising more than 80% Namibian employees as it prepares to advance the Etango Uranium Project towards future operations, with focus on local skills development, environmental management and community investment as part of new sustainability priorities for 2027.
18 August 2026 · Windhoek Observer →
Bannerman Energy is targeting a workforce comprising more than 80% Namibian employees as it prepares to advance the Etango Uranium Project towards future operations, with focus on local skills development, environmental management and community investment as part of new sustainability priorities for 2027.
18 August 2026 · Windhoek Observer →
President Netumbo Nandi-Ndaitwah has called for Namibia to move beyond raw material extraction and invest in domestic value addition and industrial expansion. At the Mining Expo and Conference, she emphasized that the nation's mineral wealth must drive local employment and prosperity, noting that macro-fiscal growth alone cannot remedy structural inequality.
9 August 2026 · The Namibian →
President Netumbo Nandi-Ndaitwah announced that the mining sector contributed a combined N$24 billion to local procurement during the year under review, and set an end-of-August deadline for government ministries to implement reforms aimed at improving Namibia's business environment.
6 August 2026 · New Era →
President Netumbo Nandi-Ndaitwah opened the 13th Chamber of Mines Mining Expo and Conference, themed "From Dialogue to Delivery: Assessing Progress in Creating Mining-Led Economic Growth and Employment Since NamPPF." The President stated that the mining sector remains one of Namibia's leading economic sectors towards Vision 2030.
5 August 2026 · The Namibian →
Bannerman Energy reports its Etango Uranium Project in Erongo remains on schedule and within budget for early works, while the company expects to complete its US$321.5 million strategic financing and joint venture transaction with CNNC Overseas Limited during the third quarter of 2026, with a final investment decision on the project targeted shortly after.
28 July 2026 · Windhoek Observer →
Bannerman Energy has signed a definitive permanent water supply agreement with NamWater for its Etango uranium project, which is expected to produce an average of 3.5 million pounds of uranium oxide annually over a 15-year mine life. The agreement marks a key milestone as the company advances towards a final investment decision.
13 July 2026 · Windhoek Observer →
The One Economy Foundation has cut 12 permanent employees following a 25% reduction to its operating budget after one of its largest donors reduced funding. The foundation says the cuts were necessary to protect core services, and affected staff have been offered a three-month exit period with support services.
5 July 2026 · The Namibian →
The One Economy Foundation has reduced its operating budget by 25% following a funding cut from one of its top five donors, scaling down permanent staff from 37 to 25 and cancelling some advocacy events. The foundation's Executive Director attributed the reduction to global donor funding trends affecting non-profits and said the donor ensured core programmes remained unaffected.
5 July 2026 · Informanté →
Namibia exported over six million pounds of uranium oxide concentrate in the first quarter of 2026, the best start to a year in the country's recorded history, driven by rising global uranium prices now above US$80/lb. With three operating mines in the Erongo region and new projects in development, uranium is filling the gap left by the collapsing diamond sector.
4 July 2026 · The Namibian →
Bannerman Energy reports its Etango uranium project in Erongo has operated for 1.1 million hours without serious injuries, with bulk earthworks at 92% completion and a final investment decision expected later in 2026. The company maintains an unbroken 17-year lost-time-injury-free record.
2 July 2026 · The Namibian →
Bannerman Energy says its Etango Uranium Project is progressing on schedule and within budget, with the 24-month bulk earthworks contract approximately 92% complete and more than 560 contractor personnel on site. The company has recorded more than 1.1 million lost-time injury-free hours, with 10,800 cubic metres of concrete poured representing around 60% completion of Phase 1 and Phase 2A construction packages.
30 June 2026 · Windhoek Observer →
Bannerman Energy Ltd has appointed Cirrus Securities (Pty) Ltd as its new equity sponsor for the Namibia Securities Exchange, effective 5 June 2026, replacing IJG Securities in a planned rotation required by NSX listing requirements.
8 June 2026 · Windhoek Observer →
The Namibian Competition Commission has approved CNNC Overseas Ltd's acquisition of a minority interest in Bannerman Energy, which is developing the Etango uranium project in Erongo. The approval came subject to conditions requiring employment creation, skills development and transfer, and increased participation of Namibian firms in the uranium value chain.
4 June 2026 · The Namibian →
Bannerman Energy and CNNC Overseas Limited have signed an agreement securing funding and long-term uranium offtake for the Etango uranium project. CNOL will receive a life-of-mine entitlement to 60% of yellowcake production and make an initial investment of US$294.5 million, while Bannerman retains 55% stake in a new joint venture company.
8 May 2026 · Windhoek Observer →
The Chamber of Mines of Namibia reports that major mining projects including the Tumas Uranium Project, Twin Hills Gold Project, and Etango Uranium Project continued to progress in 2025, supporting the sector's role as a main economic driver, though rising policy uncertainty is starting to affect investor confidence.
7 May 2026 · Windhoek Observer →
Australian uranium developer Bannerman Energy has praised the progress and commitment of local Namibian contractors at its Etango project in the Erongo region, with over N$690 million in contracts placed locally. The company has also restructured certain contracts into smaller packages to enable Namibian contractors to participate and help meet project timelines.
24 March 2026 · The Namibian →
Bannerman Energy's project chief Gavin Chamberlain has advised Namibia to target investment in a uranium conversion facility as the most realistic next step in value addition, though he warns that such a facility would require extremely high uranium volumes to be economically viable and would face contractual hurdles from international utilities that currently dictate delivery destinations under existing contracts.
26 February 2026 · The Namibian →
Bannerman Energy has signed a strategic financing agreement with China National Nuclear Corporation (CNNC) subsidiary CNNC Overseas Limited, which will invest up to N$5 billion in the Etango uranium project and receive a 43% stake and rights to 60% of production. The investment is targeted for completion by mid-2026.
13 February 2026 · The Namibian →
Namibia is one of the world's top three uranium producers and stands to benefit from rising global demand for nuclear power as countries pursue clean-energy goals. The country's three active uranium projects—Rössing, Husab, and the recently restarted Langer Heinrich—plus exploration activities could significantly increase output and government revenues over the next decade, though the water-intensive industry faces challenges from drought and market volatility.
27 January 2026 · The Namibian →