OREANDA-NEWS. January 30, 2015. The latest issue of Namibia Mining Report predicted an increased inflow of Chinese investment into the Namibian mining sector.

The first quarterly report for 2015 released by Fast Market Research predicted that China would increasingly venture abroad to seek control of mineral assets to fuel the Asian country’s domestic demand.

For instance, the construction of a new nuclear power station in China would make Namibia a key target for Chinese investment as the Asian economic giant looks to secure uranium resources.

Major players operating in the Namibian mineral sector include Rio Tinto and diamond miner De Beers.

Last year, China National Nuclear Corporation bought a 25-percent stake in Paladin Energy’s Langer Heinrich uranium mine, the report said.

The China General Nuclear Power Company and Uranium Resources Co. Ltd are developing the Husab mine, which expected to elevate Namibia to the third rung on the world ladder of uranium producers.

The report noted that the bulk of exploration and mining in Namibia focused on diamonds, uranium and base metals including copper, lead and zinc.