State-owned Rosatom will mine uranium in Namibia and extract yellowcake in Tanzania, the company has said Russia's nuclear energy giant Rosatom plans to start mining uranium in Namibia in 2029, the company told RIA Novosti news agency on Wednesday. Investment in the project will be up to $500 million, while uranium output is expected to reach 3,000 tons annually. “We plan to complete exploration work in 2026 and start mining uranium in 2029 with a mining period of more than 25 years,” the company said. The exploration of uranium deposits in Namibia will be carried out by Headspring Investments, part of Rosatom’s i
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