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Monday, 8 June 2026
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Monday, 8 June 2026
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Namibian press · Event

Etango uranium project

2023-12-202026-06-08
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In coverage

Verbatim sentences from the source article.

  1. June 2026

  2. The Namibian

    The Namibian Competition Commission has approved a proposed investment by Chinese state-owned nuclear company CNNC Overseas Ltd in the Etango uranium project. …

    Chinese company’s Etango uranium deal approved

  3. Windhoek Observer

    … The Etango Uranium Project advanced further, with early works already underway as the project moved towards full-scale development. …

    Mining sector sustains more than 166 000 jobs
  4. May 2026

  5. Namibia's major uranium, gold, copper projects advance in 2025

    1. Windhoek Observer

      Chamwe Kaira Bannerman Energy and CNNC Overseas Limited (CNOL) have signed an agreement to advance the Etango uranium project, securing both funding and long-term uranium offtake for the development. …

      Bannerman-CNOL deal secures funding and offtake for Etango

    2. Windhoek Observer

      … The Etango Uranium Project is also progressing, with early works already underway as Bannerman Energy prepares for full-scale development. …

      Major mining developments continued to advance in 2025
  6. February 2026

  7. The Namibian

    … Speaking during a stakeholder meeting, Bannerman Etango project chief executive Gavin Chamberlain says the most realistic next step would be investment in a uranium conversion facility, but the economics present significant hurdles. …

    Namibia should target uranium conversion plant

  8. The Namibian

    Bannerman Energy has entered into a strategic financing agreement with China National Nuclear Corporation (CNNC) for its Etango uranium project. …

    Bannerman Energy partners with China’s CNNC to power N$5-billion Etango uranium project
  9. December 2023

  10. The Namibian

    … This comes after the mining company was granted a mining licence for the Etango Uranium Project.The company announced this last week in a press statement. …

    Bannerman Energy awards tenders worth N$36 million
Mining & Energy

Namibian regulator approves Chinese nuclear firm's Etango uranium stake

The News

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.

Why it matters

Chinese firm's uranium stake at Etango marks a major foreign investment shift in Namibia's mining sector subject to new local participation conditions.

4 June 2026 · The Namibian →

Thursday 4 June

  1. Namibian regulator approves Chinese nuclear firm's Etango uranium stake

    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 →

Monday 1 June

  1. Mining sector sustains 166,000 jobs in 2025

    Namibia's mining sector sustained more than 166,000 direct and indirect jobs in 2025, with member companies employing 8,201 people in permanent positions and 97% of those roles filled by Namibians. The sector contributed N$7.96 billion in total wages and N$1.5 billion in PAYE tax, while spending N$23.97 billion on locally sourced goods and services.

    1 June 2026 · Windhoek Observer →

Friday 8 May

  1. Bannerman and CNOL partner on Etango uranium project funding

    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 →

Thursday 7 May

  1. Namibia's major uranium, gold, copper projects advance in 2025

    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 →

Thursday 26 February

  1. Namibia should pursue uranium conversion facility first

    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 →

Friday 13 February

  1. China's CNNC partners with Bannerman on Etango uranium project

    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 →

Etango uranium project — Namibian press coverage · Namibia Minute