2,659 tonnes
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Production of uranium oxide
Production of uranium oxide for the year was 2,659 metric tonnes compared to 2,882 metric tonnes in 2021.
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16.6 million tonnes
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Tonnes mined and ore milled
A total of 16,581,950 metric tonnes (2021: 20,721,716 metric tonnes) were mined from the open pit and 8,972,925 metric tonnes (2021: 9,622,798 metric tonnes) of ore were milled.
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14% higher revenue
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Revenue
Revenue was higher than 2021 by 14%, despite sales volumes being 14% lower than the prior year. Total revenue amounted to N$4.84 billion compared to N$4.26 billion in 2021.
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N$840 million profit
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Profit for the year
Net profit after tax from normal operations of N$840 million (2021: N$193 million), which also resulted in the company declaring a total interim dividend of N$49.7 million (2021: NIL).
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N$49,680,000 dividends paid out
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Dividends
An interim dividend of 30 cents per share was approved by the Board of Directors on 18 August 2022 to the value of N$49,680,000 (2021: NIL) and paid out during August 2022.
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0.43 AIFR
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All-injury Frequency Rate
Confirming our commitment to zero harm, Rössing Uranium continued to improve its All-injury Frequency Rate (“AIFR”). The company achieved a performance of 0.43 against a target of 0.48 in 2022. Although we did have 3 Potential Fatal Incidents (“PFI”), we are fortunate to have had no fatalities, permanent disability injuries or significant process safety incidents in 2022
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N$6 million
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Investment in training and development
In 2022, a total of N$6 million was invested in internal training and development programmes. This figure includes all training initiatives carried out as part of capacity development.
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