Rio Tinto has sold its stake in the Rössing uranium mine in Namibia.
Multinational mining company Rio Tinto announced that it has sold its 68.62% stake in the Rössing uranium mine to Chinese company China National Uranium Corporation (CNUC) for about USD106.5-million.
According to J-S Jacques, CEO at Rio Tinto, the sale of the company’s interest in Rössing demonstrates its commitment to strengthen its portfolio and focus on the company’s core assets.
“Rio Tinto has a long history in Namibia and I would like to thank the many people across Rio Tinto and the communities in which we operate that have contributed to the success of Rössing. I wish them continued success under new ownership,” says Jacques. “Rio Tinto will work closely with CNUC to ensure a smooth transition and ongoing sustainable operation at Rössing,” he adds.