Namibia: Rio Tinto Finally Sells Rössing

RÖSSING Uranium has finally been sold to Chinese state-owned China National Uranium Corporation Limited (CNUC), the company announced yesterday.

Rio Tinto, who have been the majority owners of the mine since before independence, sold their 69% stake for about N$1,5 billion to CNUC, made up of a cash payment of N$90 million and a contingent payment of up to N$1,4 billion.

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