"We must strive to build Rössing into Namibia’s first centennial mine! I believe that with strong support from all relevant parties and the active efforts of all employees, Rössing Uranium Mine will usher in an even brighter future.."
2023 was a crucial year for the systematic reform and accelerated development of China National Uranium Corporation (“CNUC”). Its economy maintained double-digit growth, and there was a flurry of good news in uranium exploration. Approval was granted for a batch of natural uranium production capacity projects, and natural uranium sales ranked second globally for the third consecutive year. Rössing Uranium also made outstanding contributions to this progress.
In 2023, Rössing Uranium achieved remarkable results in production and operations. Rössing produced a total of 2,920 tonnes of U3O8 throughout the year, reaching a new high since 2011. Revenue and profits also saw significant growth, and safety management proved highly effective, earning Rössing the Safety Award from the Chamber of Mines of Namibia once again. In December 2023, Rössing started stripping operations of Phase 4 ahead of schedule, not only extending the life-of-mine by ten years, but also securing valuable time for future resource development.
While achieving fruitful results in business operations, CNUC has always supported Rössing in actively fulfilling corporate social responsibility and continuously increasing investment. In 2023, Rössing’s investment in social responsibility reached a new high of N$41 million over the past decade.
As the Chairman of CNUC, I am proud of Rössing’s achievements in 2023 and sincerely thank every Rössing employee for their hard work over the past year.
Since 2022, uranium prices have been steadily rising, and demand for uranium products has been gradually increasing. We must seize the opportunity of industry recovery, accelerate production, increase exploration efforts, strive to discover more resources, and further extend the life-of-mine. 2024 is the year of overall synergy within the China National Nuclear Corporation (“CNNC”). We hope that Rössing Uranium will strengthen communication and mutual assistance with sister companies, integrating better into the CNNC family.
In 2024, Rössing Uranium enters its 48th year of production and operation. In Chinese culture, the age of 48 signifies the prime of life, a time for surging forward and overcoming obstacles. We must strive to build Rössing into Namibia’s first centennial mine! I believe that with strong support from all relevant parties and the active efforts of all employees, Rössing Uranium Mine will usher in an even brighter future.
Junli Chen
Chairperson
China National Uranium Corporation Limited