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Top export destinations of "Uranium or thorium ores and concentrates" from Namibia in 2022: China with a share of 67% (553 million US$) France with a share of 18.1% (147 million US$) USA with a share of 7.32% (59 million US$)

There are a number of external factors impacting on uranium mining in Namibia. At the beginning of 2021, the uranium spot price stood at US$ 30.20, and started a steep increase to above US$ 50.00 in September. At the end of the year the price settled for US$ 42.05.

Namibia led the uranium production in Africa as of 2021, with an output of 5,400 metric tons. Niger followed: the production stood at 2,642 metric tons in the country. Overall, Africa had the second-largest uranium production in the world that same year.

Namibia has one of the richest uranium mineral reserves in the world. There are currently two large operating mines in the Erongo Region and various exploration projects planned to advance to production in the next few years.

Uranium mining is an important economic factor in Namibia and in the Erongo Region in particular, where it has created substantial employment opportunities not only in the mining industry, but also in the supply and service industry.

The Rössing uranium mine in Namibia is the longest-running and one of the largest open pit uranium mines in the world. It is located in the Namib Desert near the town of Arandis, 70 kilometres from the coastal town of Swakopmund.

Namibia's economy relative to uranium mining Namibia is the fourth largest uranium producer in the world and produces a staggering 10% of the world's uranium. The mining industry make up a considerable portion of the Namibian economy, consisting of approximately 10% of its GDP and 50% of its total exports.

The Rössing uranium mine in Namibia is the longest-running and one of the largest open pit uranium mines in the world. It is located in the Namib Desert near the town of Arandis, 70 kilometres from the coastal town of Swakopmund. Discovered in 1928, the Rössing mine started operations in 1976.