Uranium production to triple by 2017

Uranium production in Namibia is expected to triple by 2017 once Husab mine goes into production.
According to the Minister of Finance, Calle Schlettwein, the commencement of operations at large-scale mining projects will support decent levels of economic growth, in spite of weak commodity prices and relatively slow growth in external demand.
" Namibia's output of uranium in 2017 is projected to be more than three times the volume produced in 2015, thanks in large part to the Husab uranium mine.”
According to Namibia's central bank, production of the nuclear fuel will rise 62.9 percent in 2016 and 89.5 percent in 2017. Other figures show that uranium oxide production will expand by a factor of 3, from 3 713 metric tons in 2013 to around 11 000 metric tons in 2017.
According to China General Nuclear Power Holding Corp., the country's biggest producer of nuclear energy, production at Husab is set to be in full swing by 2017. The mine is 90 percent owned by CGN and 10 percent by Swakop Uranium, which is developing it.
The U$2 billion project in the Namib Desert could potentially produce 6 800 tons of U308 annually, thus overtaking top producers Niger and Australia, Bloomberg reported. It is claimed to be the third largest uranium-only deposit in the world, with measured and indicated reserves of about 140 000 tons. The open-pit mine with two pits is expected to have a 20-year life span.