Also known as: CNNC
China National Nuclear Corporation — Chinese state entity investing up to N$5 billion in Bannerman Energy's Etango uranium project in Namibia, receiving 43% stake and 60% production rights.
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Windhoek Observer
China National Nuclear Corporation subsidiary CNNC Overseas Limited satisfied or waived all conditions precedent relating to strategic investment and joint venture transaction with Bannerman
“The capital raising follows confirmation that all conditions precedent relating to China National Nuclear Corporation subsidiary CNNC Overseas Limited's (CNOL) strategic investment and joint venture transaction with Bannerman have either been satisfied or waived.”
Bannerman raises N$1.43 billion to fully fund Etango developmentThe Namibian
China National Nuclear Corporation owns 25% of Langer Heinrich Mine
“The company owns 75% of the mine, while China National Nuclear Corporation owns 25%.”
Paladin’s Langer Heinrich produces more uranium than expectedThe Namibian
China National Nuclear Corporation entered into a financing deal with Bannerman Energy to fund the Etango project
“Bannerman Energy recently entered into a financing deal with a subsidiary of China National Nuclear Corporation to fund the continued development of the project.”
Australian uranium firm ‘blown away’ by Etango gainsThe Namibian
CNNC is the majority owner of Rössing Uranium Mine through its CNUC subsidiary
“It is the majority owner of the Rössing Uranium Mine through its CNUC subsidiary and owns 25% of Langer Heinrich (the other 75% held by Australian Paladin Energy).”
Bannerman Energy partners with China’s CNNC to power N$5-billion Etango uranium projectBannerman Energy says pre-production funding in excess of US$353 million will likely be required for its Etango Uranium Project in Namibia, with potential sourcing through share dilution, partial project sale, or joint venture. The greenfield project has an offtake arrangement and strategic partnership with China National Nuclear Corporation.
9 October 2026 · Windhoek Observer →
Bannerman Energy says pre-production funding in excess of US$353 million will likely be required for its Etango Uranium Project in Namibia, with potential sourcing through share dilution, partial project sale, or joint venture. The greenfield project has an offtake arrangement and strategic partnership with China National Nuclear Corporation.
9 October 2026 · Windhoek Observer →
Bannerman Energy has launched a fully underwritten A$124 million equity placement to fully fund the development, construction and ramp-up of its Etango Uranium Project in Namibia. The capital raising follows confirmation that conditions for China National Nuclear Corporation subsidiary CNNC Overseas Limited's strategic investment have been satisfied or waived.
10 September 2026 · Windhoek Observer →
President Netumbo Nandi-Ndaitwah inaugurated the upgraded Rössing Foundation Ondangwa Centre, transformed into the Ondangwa Digital Technology Hub and Conferencing Centre through a N$37.2 million project funded by Rössing Uranium. The opening also included the handover of 73 interactive science exhibition models valued at N$6.05 million from the China Foundation for Development of Science and Technology.
25 June 2026 · New Era →
President Netumbo Nandi-Ndaitwah said Namibia must shift from consuming technologies developed elsewhere to becoming a creator and producer of innovation, science and digital solutions. She was speaking at the inauguration of the Netumbo Nandi-Ndaitwah Science Exhibition Hall and the upgraded Rössing Foundation Ondangwa Digital Technology Hub.
25 June 2026 · Windhoek Observer →
President Netumbo Nandi-Ndaitwah officially inaugurated the upgraded Rössing Foundation Ondangwa Centre, now the Ondangwa Digital Technology Hub and Conferencing Centre, featuring a multipurpose hall with 800-person seating capacity and 73 interactive science exhibition models. The facility, originally established in 1983, was upgraded over seven months with involvement of 179 employees and is intended to serve as a hub for digital learning, research, conferences and community engagement.
24 June 2026 · Informanté →
Paladin Energy has increased its expected uranium production from Namibia's Langer Heinrich Mine to 4.8 million pounds of yellowcake in the 2026 financial year, up from an original forecast of 4.4 million pounds, citing improved feed grade and high processing plant recovery rates.
18 April 2026 · The Namibian →
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 →
Paladin Energy ended 2025 in a strong financial position with N$2.2 billion in yellowcake sales from Namibian operations and increased cash and investments by 213% in the second half, supporting its plan to complete ramp-up activities at the Langer Heinrich uranium mine by 2027.
15 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 will participate in the Investing in African Mining Indaba 2026 in Cape Town in February to attract investors and development partners to its mining sector. The country will host two investment-focused sessions highlighting its stable mining environment, mineral resources including uranium and diamonds, and projects seeking support for exploration, processing and value addition.
7 February 2026 · New Era →