A "uranium rush" seems to be under way, based on the assumption that nuclear power might fill the world's current energy gaps.
Namibia's uranium oxide is exported in its raw form and enriched in countries with uranium converters such as France, the US, Canada and China.
But the cons must be factored into the equation.
Exposure to even relatively low levels of radiation over a long period can be extremely harmful to the health of workers and communities living around uranium mines.
Several workers who spent long years working at uranium mines developed serious health problems.
Cancerous strains are commonplace as workers are exposed to dust and radon gas daily and thus develop diseases such as TB and lung cancer.
Although mining companies usually deny any responsibility and refuse to compensate workers, there is increasing evidence of a link between uranium mining and workers' health problems.
Uranium mining uses an enormous amount of water.
In a recent article in The Namibian, the writer pointed out that the proposed uranium mine by the Canadian company Forsys Metal, would use 1 million litres of water each day.
Situated on the Valencia farm in the Erongo region, the mine would consume in only three months the amount of water that the current users in the area would consume in 36 years.
Given that all existing and envisaged uranium mines are in the Namib desert, one needs to ask if it is wise to spend Namibia's most scarce resource - water - on mining operations that may only bring short-term benefits.
All existing and proposed uranium mining sites are in the Namib desert, mostly in the protected area of the Namib Naukluft Park.
Besides using huge amounts of water, uranium mining also leaves large craters as it relies on open-pit operations.
Once mining activities cease, the huge holes remain.
Furthermore, radioactive dust particles may be blown over many kilometres.
This brings mining into direct conflict with tourism ventures that rely on Namibia's natural beauty as a main attraction.
International minerals prices have a direct impact on the viability of mining operations.
The globe is experiencing a plummet in copper prices.
Copper firm Weatherly International has just recently announced that it will retrench 643 workers in Namibia due to this slump.
Similarly, uranium oxide prices dropped by almost 70 per cent between July and October 2008.
This raises doubts about the viability and sustainability of uranium mining.
Few countries are considering an expansion of their nuclear energy programmes due to the costs and risks involved and this has a direct impact on uranium prices.
Namibia currently does not have a comprehensive legislative framework to deal with all the implications of uranium mining.
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