Namibia expects firmer estimates of recoverable reserves to be announced this financial year and aid in addressing socio-economic challenges such as unemployment.

The ban on exports of critical raw materials is seen as an opportunity for the country's two large uranium mines, Rossing and Husab, to add value.

The Chairperson of the Parliamentary Standing Committee on Natural Resources has asked uranium mines to be truthful in revealing how much of their budget is spent on electricity and water.