2,659 tonnes

Production of uranium oxide
Production of uranium oxide for the year was 2,659 metric tonnes compared to 2,882 metric tonnes in 2021.

16.6 million tonnes

Tonnes mined and ore milled
A total of 16,581,950 metric tonnes (2021: 20,721,716 metric tonnes) were mined from the open pit and 8,972,925 metric tonnes (2021: 9,622,798 metric tonnes) of ore were milled.

14% higher revenue

Revenue was higher than 2021 by 14%, despite sales volumes being 14% lower than the prior year. Total revenue amounted to N$4.84 billion compared to N$4.26 billion in 2021.

N$840 million profit

Profit for the year
Net profit after tax from normal operations of N$840 million (2021: N$193 million), which also resulted in the company declaring a total interim dividend of N$49.7 million (2021: NIL).

N$49,680,000 dividends paid out

An interim dividend of 30 cents per share was approved by the Board of Directors on 18 August 2022 to the value of N$49,680,000 (2021: NIL) and paid out during August 2022.

0.43 AIFR

All-injury Frequency Rate
Confirming our commitment to zero harm, Rössing Uranium continued to improve its All-injury Frequency Rate (“AIFR”). The company achieved a performance of 0.43 against a target of 0.48 in 2022. Although we did have 3 Potential Fatal Incidents (“PFI”), we are fortunate to have had no fatalities, permanent disability injuries or significant process safety incidents in 2022

N$6 million

Investment in training and development
In 2022, a total of N$6 million was invested in internal training and development programmes. This figure includes all training initiatives carried out as part of capacity development.