Namibia-based Swakop Uranium’s Husab mine is progressing well with exports expected to commence in the final quarter of 2015 as per the schedule.

Swakop Uranium communication and stakeholder involvement director Grant Marais was quoted by The Namibian as saying that the company has issued contracts worth over N$5bn ($31m) for the development of project.

Over 45% of the value of the contracts has been awarded to Namibian registered companies.

Various aspects of the construction of the project are currently ongoing, including the permanent road connecting the site to the B2 road linking Arandis and Swakopmund, the Kahn River Bridge, a temporary water pipeline, camp construction, several earth works as well as permanent power lines.

Swakop Uranium officially commenced the construction on $2.5bn Husab Uranium Project on 18 April 2013. When completed, the Husab uranium mine will be the second largest uranium mine worldwide after Canada’s McArthur River, Marais noted.