Africa-Press – Namibia. Swakop Uranium has recorded a profit of N$562 million for 2024.
This is according to the company’s Sustainability Report launched in Windhoek last week.
The report also reveals that Swakop Uranium mined 118 million tonnes of material during the year – the highest in its history – and reached a throughput rate of 1720 tonnes per hour.
Chairperson of the Sustainability Committee, Eliphas Hawala, during the launch, said the company’s total spending on procurement in 2024 reached N$10.1 billion, with N$7.4 billion (73%) spent locally.
“We continuously strengthen our supplier management systems, promote compliance, and prioritise Namibian companies and SMEs in our value chain. We are committed to building shared prosperity with our business partners through constructive partnerships,” he said.
Hawala indicated that the mine employed 4300 people, representing 18.5% of the country’s mining workforce.
This includes 1 676 permanent employees and more than 2000 through contractors. Hawala said the company also invested N$26 million in training and education programmes, including bursaries, internships and international exchange opportunities.
“Fifteen employees received training in China through a skills exchange initiative,” he said.
Social responsibility…
The company, through the Swakop Uranium Foundation, invested more than N$3 million in community projects focusing on education, agriculture and disaster relief. Namib High School, Westside High School, Swakopmund Secondary School and Lazarus Haufiku Combined School in Ohangwena region are some of the schools that benefited from the foundation.
Apart from that, the foundation also donated N$91 478 to the Namibia National Disaster Relief Fund and N$17 000 towards drought relief efforts in the Erongo region.
Chief executive officer of the mine Luo Wei said the company’s partnerships with local businesses such as Blueberg Trading Enterprise and Akulyanga Trading CC reflect Swakop Uranium’s commitment to shared prosperity.
“We are building a future where Namibian enterprises and communities thrive alongside industrial progress,” he said.
Swakop Uranium is 10% owned by Namibia’s Epangelo Mining Company and 90% by Taurus Minerals Limited, jointly owned by China General Nuclear Power Group and the China Africa Development Fund.
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