INDIA TO TAP NAMIBIAN URANIUM RESERVES

 India and Namibia will sign an agreement on mineral resources during the five-day visit of Namibian President Hifikepunye Pohamba.Under the pact, India will be able to access the African country’s abundant uranium reserves.

 Through this agreement, India will also be looking at Namibia’s healthy reserves of diamond, copper, gold and zinc. The cooperation over uranium will be covered under an umbrella framework for development of mineral resources and promote investments in geology and mines in both countries.

 Namibia is south African region’s biggest producer of uranium and the sixth largest in the world. India has already signed Memorandum of Understanding (MoU) in the civilian uclear sector with Russia, France and the US. It is negotiating similar pacts with Kazakhstan and Canada.