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Forsys Metals Corp.

Publié le 11 avril 2008

Namibia to Build Second Desalination Plant for Uranium Mines

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Namibia to Build Second Desalination Plant for Uranium Mines


By Chamwe Kaira

April 3 (Bloomberg) -- Namibia Water Corp., the state-owned water utility, plans to build a second desalination plant to cater for increasing demand for water from existing and planned uranium mines.

The facility will be built on Namibia's Atlantic coastline at a cost of 1.5 billion Namibian dollars ($192.1 million), Chief Executive Officer Vaino Shivute told reporters today in the capital, Windhoek. The plant is expected to be commissioned in 2010 and will have the capacity to pump 25 million cubic meters (6.6 billion gallons) of water a year.

``Due to pressure on groundwater sources, we were directed by the government to construct a desalination plant,'' Shivute told journalists in Windhoek.

Namibia is Africa's biggest producer of uranium, after Niger, according to the Web site of the Uranium Information Centre.UraMin Inc., a unit of Areva SA, is will open the southern African nation's biggest uranium mine in July, while Perth-based Bannerman Resources Ltd. and Vancouver-based Xemplar Energy Corp. are among companies exploring for the nuclear fuel in the country.

NamWater is already building a desalination plant jointly with Uramin, which is expected to be commissioned at the end of 2009. The facility will have the capacity to pump 20 million cubic meters a year and serve Uramin's Trekkopje project.

``All capital and operational costs associated with desalination and supply of desalinated water will be carried by the mining companies, either by capital payment upfront or via water tariffs,'' Shivute said.

Five More Mines

Demand from the existing mines, such as Rio Tinto Plc's Rossing Uranium mine and Paladin Resources Ltd.'s Langer Heinrich operation, and planned projects will increase water demand by 53 million cubic meters a year by 2015, Shivute said. Namibia currently consumes 67 million cubic meters a year.

``Five more uranium mines are being planned and if the current price of uranium holds, we expect them to be commissioned by 2015,'' Shivute said

Toronto-based Forsys Metals Corp. will commission its Valencia mine in Namibia by September 2009, while Bannerman's mine, as well as projects by Perth-based Extract Resources Ltd. and West Australian Metals Ltd., are scheduled to come on line in 2011. Deep Yellow Ltd. is expected to begin production in Namibia in 2013.

Uranium prices have fallen 49 percent to $71 a pound since hitting a record $138 a pound on June 6 last year, according to Metal Bulletin data.

To contact the reporter on this story: Chamwe Kaira in Windhoek via Johannesburg at pmrichardson@bloomberg.net.

 

If you have any questions about any of the information that you receive, or about the Company in general please contact: Bruce Hall, Chief Communications Officer at bhall@forsysmetals.com or Tanya Jacob, Investor Relations Manager at tjacob@forsysmetals.com or feel free to call our office from Monday-Friday 8am-6pm EST at 905 844 4646.

Thank you for your continued support.

Regards,

 

Tanya Jacob

Investor Relations Manager

905 844 4646 ex.225

tjacob@forsysmetals.com

 

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Forsys Metals | 277 Lakeshore Rd. East | Suite 403 | Oakville | Ontario | L6J 1H9 | Canada

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Forsys Metals Corp.

EN DÉVELOPPEMENT
CODE : FSY.TO
ISIN : CA34660G1046
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Forsys Metals est une société développant des projet miniers d'uranium basée au Canada.

Forsys Metals détient divers projets d'exploration en Namibie.

Son principal projet en développement est VALENCIA URANIUM en Namibie et ses principaux projets en exploration sont OMARURU, ELBE PROJECT, ONDUNDU et NAMIBPLAAS en Namibie.

Forsys Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 81,7 millions CA$ (60,0 millions US$, 54,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 20 avril 2007 à 9,94 CA$, et son plus bas niveau récent le 30 juin 2016 à 0,05 CA$.

Forsys Metals possède 145 910 000 actions en circulation.

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Rapports annuels de Forsys Metals Corp.
2008 Annual Report
Annual Report 2007
Financements de Forsys Metals Corp.
28/11/2011Announces Completion of Private Placement
Nominations de Forsys Metals Corp.
15/08/2012Appoints Martin Hirsch as Chief Geologist
11/06/2012Appoints Director Finance and Establishes Office in Perth
28/07/2008Appoints Valencia General Manager
07/03/2008Appoints New Chief Financial Officer
Rapports Financiers de Forsys Metals Corp.
15/08/2011Announces Second Quarter 2011 Financial and Operational Resu...
Projets de Forsys Metals Corp.
28/09/2012(Namibplaas)Announces: Updated Namibplaas Resource
26/03/2012(Namibplaas)Completes Acquisition of Remaining 30% Interest in Namibplaa...
01/02/2012(Ondundu)to Retain Control of The Ondundu Gold Project
24/10/2011(Namibplaas)Announces Agreement to Acquire Remaining 30% of Namibplaas U...
02/02/2011(Namibplaas)Announces Additional Positive Namibplaas Drilling Results an...
31/03/2010(Ondundu)TECHNICAL REPORT ON THE ONDUNDU GOLD PROJECT EPL3195, NAMIB...
21/08/2008(Valencia Uranium)Valencia Uranium Project, Namibia Mining Licence Granted
06/08/2008(Valencia Uranium) Confirms Deeper Uranium Mineralization at Valencia
22/07/2008(Valencia Uranium) Continues Drilling at Valencia Expanding Pit Bottom and Ove...
27/06/2008(Valencia Uranium) Adds Fourth Drill Rig to Test North Anomaly at Valencia
13/06/2008(Valencia Uranium)Mineralization Expansion and Grade Improvement at Valencia-F...
04/06/2008(Valencia Uranium)Receives Environmental Clearance for Valencia
29/04/2008(Valencia Uranium) Expands Uranium Zones at Valencia
01/04/2008(Ondundu)Increases Ownership of Ondundu Gold Project in Namibia to 90...
13/02/2008(Valencia Uranium)Announces Joly Zone Trenching Results
29/01/2008(Valencia Uranium) Provides Joly Zone Update
14/01/2008(Valencia Uranium)Reports Drilling Results and Resumes Drilling at Valencia
26/03/2007(Valencia Uranium)Significant Increase for the Valencia Uranium Resource
Communiqués de Presse de Forsys Metals Corp.
14/09/2015Forsys Metals Announces Non-Brokered Private Placement Updat...
12/08/2015Forsys Metals Announces Non-Brokered Private Placement
18/03/2015Forsys Releases Feasibility Study Results for Norasa Uranium...
26/11/2014Forsys Provides Norasa Uranium Project Feasibility Study Upd...
29/10/2014Forsys Closes $2.4 Million Private Placement
09/10/2014Forsys Provides Update on Private Placement & Progress on th...
07/07/2014Forsys Metals Initiates Feasibility Study for Norasa Uranium...
23/05/2014Forsys Announces Annual and Special Meeting Voting Results
27/03/2014Forsys Files Updated NI 43-101 Technical Report on Norasa Ur...
20/03/2014Forsys Adopts Advance Notice Policy for Director Nominations...
07/10/2013Provides Updated Mineral Resource Estimate for Its Norasa Ur...
02/05/2013(Valencia Uranium)Announces Results of Positive Engineering Cost Study for Its...
19/03/2013Reports Positive Exploration Drilling Results and Confirms H...
23/01/2013Significant New Exploration Results at Recently Discovered V...
26/01/2012(Namibplaas)Announces Additional High Grade Zones from Namibplaas Phase ...
05/10/2011Enters Into Share Subscription Agreement to Raise C$8,000,00...
15/09/2011(Namibplaas)Announces Maiden Resource Statement Namibplaas Project-Namib...
10/08/2011Announces Up to 92% Recoveries from Heap Leach Laboratory Te...
11/07/2011(Namibplaas)Announces Discovery of Extensive High Grade Zones From Ongoi...
15/05/2011Proposed Changes to Namibian Mineral Policy Will Not Affect ...
03/03/2011Announces Settlement Agreement With GFI and George Forrest
11/12/2008Corporate Quarterly Update
14/11/2008George Forrest International Afrique S.P.R.L. to Acquire For...
16/09/2008Corporate Quarterly Update
27/06/2008Clarifying Press Release-Mineral Resource and Mineral Reserv...
16/06/2008Corporate Quarterly Update
23/04/2008Clarifies Uranium Project on Track
11/04/2008Namibia to Build Second Desalination Plant for Uranium Mines
06/03/2008Prepares for Contract Mining at Valencia
25/02/2008Receives Water Permits
06/02/2008Uranium Exploration Licences Renewed
23/03/2007Completes Acquisition of Remaining 10% of Valencia Uranium D...
28/02/2007Completes $47.5 Million Financing
26/02/2007Acquires 70% of Ancash Investments and 5 Additional Uranium ...
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