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BANNERMAN ENERGY | APRIL 2026
Omasa
Omasa is the newsletter for the Etango Uranium Project managed by the
is the newsletter for the Etango Uranium Project managed by the
following companies:
following companies:
We want to hear from you!
Omasa
Omasa intends to keep you informed about progress on the Etango Uranium
intends to keep you informed about progress on the Etango Uranium
Project, its people and its activities. What else would you like to read more
Project, its people and its activities. What else would you like to read more
about? Send your comments, compliments and suggestions to:
about? Send your comments, compliments and suggestions to:
Emma Culver: newsletters@bmnenergy.com.
BANNERMAN
MINING RESOURCES NAMIBIA
Editorial team: Gavin Chamberlain, Emma Culver
Gavin Chamberlain, Emma Culver
Production: Words’Worth
Words’Worth
Industry news
MEET ETANGO’S NEW STRATEGIC PARTNER
The new partnership with CNOL, a subsidiary of China National Nuclear Corporation (CNNC), marks an important step for
the Etango Project. But who exactly is CNNC and what role does it play in the global nuclear sector?
CNNC currently owns or operates 27 reactor
units at sites including Qinshan Nuclear Power
Plant, Fuqing Nuclear Power Plant, Sanmen
Nuclear Power Station and Tianwan Nuclear
Power Plant. At the same time, it is driving
one of the most diverse reactor construction
programmes in the world, with 18 additional
units under construction or approved.
What makes CNNC particularly compelling
as a partner is the breadth of technology it is
deploying. Alongside large-scale Generation III
reactors such as the Hualong One, the company
is advancing next-generation systems including
the CFR-600 fast reactor and developing the
small modular ACP100 Linglong One.
This diversified approach positions CNNC at the
forefront of future nuclear technologies.
n the global nuclear energy landscape, few
organisations carry the scale and influence of
China National Nuclear Corporation (CNNC).
Founded in 1955, the state-owned giant has
evolved into one of the world’s most integrated
nuclear companies, operating across the entire
value chain — from uranium exploration and
mining to reactor design, construction and
nuclear fuel production. Its reach extends far
beyond China, with projects and partnerships
spanning Asia, the Middle East, Africa, Europe
and the Americas.
CNNC sits at the heart of China’s ambitious
nuclear expansion. As the country works to
strengthen energy security and reduce reliance
on fossil fuels, nuclear power has become a
central pillar of its long-term low-carbon strategy.
Equally important is CNNC’s upstream strength.
The company maintains extensive uranium
exploration, mining and processing capabilities
in China and abroad. Internationally, its footprint
includes stakes in Namibia’s Rössing Uranium
Mine — one of the world’s longest-running
uranium operations — and the Langer Heinrich
Mine, reinforcing supply for China’s expanding
reactor fleet.
Against this backdrop, CNNC’s arrival as a
strategic partner adds considerable momentum
to the Etango Project. Backed by a partner with
deep technical expertise, global reach and a
central role in the world’s fastest-growing nuclear
programme, the project moves a decisive step
closer to development — and into the orbit
of one of the nuclear sector’s most influential
players.
Nuclear Reactors in China
Source: WNA website.
59, 172 MWe
60
Operable
reactors
417, 518 GHw (2024)
Nuclear share of
generation
41,100 MWe
5%
39
Reactors under
construction