Rossing Uranium

What Rossing Uranium does

Rössing Uranium operates one of the world's largest open-pit uranium mines, located near Arandis in Namibia's Erongo region, producing uranium oxide (U3O8) for the global nuclear industry. The mine, officially established on 26 June 1976, extracts and processes uranium ore using conventional open-pit mining methods, milling, and a processing plant; in 2024 it produced 5.7 million pounds of U3O8 and sold 5.5 million pounds. The company is privately held as a subsidiary of CNUC Namibia, which is affiliated with China National Nuclear Corporation (CNNC), and is supported by a workforce of 871 employees of which 98.7% are Namibian. Operationally, Rössing is executing a Life-of-Mine extension to 2036, having transitioned from owner mining to a 13-year contractor model with Beifang Mining Technology Services Namibia, and is investing in sustainability infrastructure including an 18 MWp solar PV plant and a thickened-tailings pilot, plus a private LTE network for fleet and safety monitoring.

The business model is a B2B commodity producer selling uranium oxide through three channels: direct sales to nuclear power utilities and Western converters across North America, EMEA, and Asia; sales to China under a CNNC sales arrangement (2.9 million pounds in 2024); and spot-market sales to traders and investment funds. Customers are concentrated within the nuclear fuel cycle, with pricing tied to global uranium market conditions and contract structures negotiated bilaterally rather than via published tiers. The company is also investing in ESG, workforce localization (84% of procurement spend with local suppliers in 2024 totaling N$4.37 billion), and community programs via the Rössing Foundation, alongside updates to its labour framework with the Mineworkers Union of Namibia.

Financially, Rössing reported N$5.93 billion in revenue in 2024 (a 9% decline from N$6.48 billion in 2023), N$1.03 billion in net profit after tax from normal operations, N$10.1 billion in total assets (up 22% year-on-year), N$5.83 billion in equity, and N$2.23 billion in cash, with N$739 million cash generated from operations and N$1.1 billion invested in infrastructure and equipment.

Name

Rossing Uranium

Legal name

Rössing Uranium Limited

Website

https://rossing.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Rössing Uranium operates one of the world's largest open-pit uranium mines in Namibia's Erongo region, producing uranium oxide (U3O8) for the global nuclear industry. A privately held subsidiary of CNUC Namibia (affiliated with CNNC), it sells to nuclear utilities, Western converters, and spot-market traders.

Ownership category

akta.pro rank

Product category

Uranium Mining

NAICS

Other Basic Inorganic Chemical Manufacturing (325180)

SIC

Metal Mining (1000)

akta.pro primary industry

Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)

akta.pro secondary industries

Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK), Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Uranium mining operations
• Open-pit uranium extraction
• Uranium oxide production
• Nuclear fuel supply
• Mineral processing services

Headquarters

HQ city

Swakopmund

HQ country

Namibia

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Others

Revenue model

1. Uranium Oxide (U3O8) Sales: Rössing produces and sells uranium oxide (U3O8) to the global nuclear industry. In 2024, the company produced 5.7 million pounds of U3O8 and sold 5.5 million pounds. Sales are made to Western converters, nuclear utilities in various regions, and via spot market to traders and investment funds. A significant portion is sold under the CNNC sales arrangement to China.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Rossing Uranium operates one of the world's longest-running open-pit uranium mines near Swakopmund in Namibia, extracting and processing uranium ore into uranium oxide (U3O8), the feedstock for nuclear fuel fabrication. The company sells its U3O8 production to nuclear utilities, converters, traders, and investment funds worldwide, with an extended mine life planned through 2036.

Product overview

Rössing Uranium operates as a single-product mining company focused on uranium production from one of the world's largest operating open-pit uranium mines in Namibia. The company extracts and processes uranium ore to produce uranium oxide (U3O8) for the global nuclear industry. Beyond core mining operations, Rössing offers social investment programs through the Rössing Foundation, supporting education, healthcare, and community development in the Erongo Region. The company's strategic initiatives include Life of Mine Extension (LoME) projects through 2036, incorporating solar power generation and advanced tailings management technologies. Recent infrastructure investments support smart mining capabilities through private LTE connectivity.

Differentiator

Problem solved

Functional benefit

Products and services

• Uranium oxide (U3O8) concentrate production Concentrate of uranium oxide (U3O8), also called yellowcake, produced at Rossing's processing plant from ore mined at the open pit. Sold to nuclear fuel utilities, converters, traders, and investment funds for downstream conversion, enrichment, and fuel fabrication.
• Rössing Foundation social investment programmes Community development, education, and environmental investment programmes operated by the Rössing Foundation in the Erongo region of Namibia, supporting local stakeholders around the mine.

Quantifiable outcome

• Production of 5.7 million pounds of U3O8 in 2024
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MTCcoreTechnology or Integration · 1 April 2026Digital service provider partnership for private LTE tower infrastructure. MTC partnered with Rössing to commission four private Long-Term Evolution towers at the mine, expanding network coverage across the open pit. MTC's Managing Director Dr Licky Erastus emphasized this as an enabler of safer, smarter, and more efficient mining operations.
• Swakop Striders Running ClubcoreStrategic or Co-development Partner · 1 January 199135-year partnership in hosting the Rössing National Marathon. In 1991, a group of Rössing employees founded the Swakop Striders Running Club and partnered with the mine to host the marathon. This is one of Namibia's most enduring sporting partnerships, with Rössing providing financial backing and the club providing athletics administration. The marathon has grown to become one of Namibia's largest sporting events with 4,500+ registered runners.
• Beifang Mining Technology Services NamibiacoreChannel Partner/ Reseller/ DistributorMining contractor providing contract mining services from 2024 to 2036 under a 13-year contract. Beifang mobilised a new fleet of heavy mining equipment to site with an experienced workforce. The transition from owner mining to contractor mining model was successfully completed in 2024.
• Save the Rhino Trust (SRT)minorStrategic or Co-development PartnerEnvironmental conservation partnership. Rössing donated N$276,600 to support Save the Rhino Trust's community-led rhino monitoring and protection activities. The trust has been operating for 40 years and Rössing's contribution aims to fill funding gaps in their environmental conservation work.
• Rössing FoundationcoreStrategic or Co-development PartnerCommunity development foundation supported by Rössing Uranium. In 2024, N$38 million was allocated to the Rössing Foundation for community initiatives. The foundation operates education centres in Windhoek and Ondangwa, supporting youth development and community programs.
• China National Nuclear Corporation (CNNC)coreChannel Partner/ Reseller/ DistributorSales arrangement for uranium supply to China. Rössing ships uranium oxide under CNNC sales arrangement, with 2.9 million pounds shipped and sold to China in 2024. The company benefits from spot prices under this arrangement with CNNC.
• Namibia Institute of Mining Technology (NIMT)minorStrategic or Co-development PartnerVocational training institution partnered with Rössing for the Children's Traffic School upgrade project in Walvis Bay. NIMT apprentices gained practical experience through the project, which was part of Rössing's Bigger-Than-Me Programme.
• Walvis Bay MunicipalityminorStrategic or Co-development PartnerLocal government partnership for community projects. The municipality donated land (Erf 8443, Extension 31) for the DRC Police Station and collaborated on the Children's Traffic School upgrade project.
• Mineworkers Union of Namibia (MUN) - Rössing BranchcoreStrategic or Co-development PartnerLabour union representing bargaining unit employees. Three-year wage agreement signed in January 2024 covering 2024-2026, providing 7% increase in 2024 and 6% in 2025 and 2026 for Grade 1 to 11 and L-Band employees. Updated Recognition and Procedural Agreement was signed in July 2025, the first full review since before Namibia's Independence.

Scale indicators15 records

Recent moves11 records

Expansion highlights5 records

Emerging players

• Peninsula Energy: Australia-listed uranium developer restarting the Lance ISR project in Wyoming. Comparable as a uranium-focused supplier to Western utilities, though at a smaller scale and at a different production stage than operating Rössing.
• Uranium Energy Corp: US-focused uranium producer and developer with ISR assets in Wyoming and Texas. Comparable as a U3O8 supplier, but uses in-situ recovery methods versus Rössing's large-scale open-pit operation.
• Energy Fuels: US-based uranium and rare earths producer with conventional mining and alternate feed processing at the White Mesa Mill. Comparable as a U3O8 producer serving Western utilities, though smaller scale and more US-focused than Rössing.
• Denison Mines: Canadian uranium developer/operator focused on the Athabasca Basin (McClean Lake mill, Wheeler River project). Comparable as a primary uranium company in the fuel cycle value chain, though at a more development-stage profile than operating Rössing.

Broad incumbents

• BHP Group (Olympic Dam): Operates the Olympic Dam polymetallic mine in South Australia, which produces uranium as a by-product of copper. Comparable as a major uranium supplier, though uranium is one of several metals in BHP's diversified mining portfolio.

Direct peers

• CGN Mining: Hong Kong-listed subsidiary of China General Nuclear Power Group with uranium mining interests (notably the Husab mine in Namibia). Directly comparable as a Chinese-affiliated uranium peer operating in Namibia and serving China's nuclear build-out.
• Paladin Energy: Australia-listed uranium producer restarting Langer Heinrich mine in Namibia. Closely comparable as a Namibian uranium producer and direct geographic peer to Rössing, though currently smaller scale and earlier-stage operationally.
• Cameco Corporation: One of the world's largest uranium miners, producing U3O8 from multiple assets including Cigar Lake and McArthur River. Directly comparable to Rössing as a top-tier uranium producer serving global nuclear utilities, though Cameco also operates conversion (UF6) and fuel fabrication.
• Kazatomprom: National uranium producer of Kazakhstan and the world's largest uranium miner by volume. Directly comparable as a primary U3O8 supplier to the global nuclear fuel cycle, with similar scale and a customer mix of utilities and converters.
• Orano: French nuclear cycle company operating uranium mines (e.g., SOMAÏR in Niger, McClean Lake in Canada) plus conversion through Orano Conversion. Directly comparable as a vertically integrated uranium and fuel cycle supplier to Western utilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100075862375786
• LinkedInlinkedin.com/company/rossing-uranium-mine

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rossing Uranium