Uranium output on the up

[miningmx.com] — Namibia’s total uranium output rose 4 percent in the second quarter of 2010 compared with the first three months of the year, data showed on Monday.

According to data from market analyst Robin Sherbourne of Nedbank, production between April and June was recorded at 2 359 373 pounds of uranium oxide compared with 2 264 370 pounds in the previous quarter.

Namibia is one of the world’s largest diamond producers and also has minerals such as uranium, while foreign firms are also exploring for gold, lead, zinc and iron ore.

Global miner Rio Tinto’s Rossing mine produced 1 432,000 lbs of uranium oxide between April and June compared to 1 336,000 lbs in the first quarter of this year.

Australian uranium miner Paladin Energy’s Langer Heinrich mine produced output fell to 927 373 pounds from 928 370 pounds in the first quarter of the year.