Rössing’s uranium production increases
04 February 2019 | Business
Higher milling grades resulted in a 10 per cent Uranium production increase at Rössing Uranium Limited in 2018.
The safety performance at the mine also remained intact with zero injuries reported in December.
Rössing managing director Richard Storrie paid tribute to every member of the team at the uranium mining giant. He commended workers for their diligence and focus over the past few months which has led to this excellent operational and safety performance.
Rio Tinto, Rössing’s majority owner, announced on 26 November 2018 that it had entered into a binding agreement to sell its 68.62 per cent stake in the uranium mine to China National Uranium Corporation (CNUC).
“The sale process continues, but we have already had positive discussions with CNUC and they have stressed their intention to develop the mine as a sustainable business into the future. The top priority for me and all the team remains operating a safe and productive mine that continues to meet the needs of our customers,” emphasised Storrie.
The sale is subject to certain conditions precedent, including merger approval from the Namibian Competition Commission. Once these conditions are met the transaction is expected to be completed in the first half of 2019.