New mine owner officially takes control

The acquisition of the majority shares by a Chinese company will ensure sustained operations at the world’s longest open-pit uranium mine.

28 July 2019 | Business

Zhang Yiming; Ambassador; Rössing Uranium Mine will continue to provide taxation, employment and technology transfer, and play a prominent role in local economy.

Arandis - Otis Finck



China National Uranium Corporation (CNUC) became the new majority shareholder in Rössing Uranium, following the acquisition of Rio Tinto’s 68.62 percent shareholding recently.

The new owners of the uranium mining giant officially took control of the company and its operations on Thursday.

Speaking on the occasion, Chinese ambassador to Namibia Zhang Yiming hailed the acquisition of the mine as an important achievement of China and Namibian cooperation.

“This is a vivid manifestation of the flourishing development of mutually beneficial economic and trade cooperation. It is a win-win endeavour for China, Namibia and the United Kingdom. Rio Tinto is selling the mine due to its own global industrial restructuring. As a result, CNNC will increase its overseas uranium resources and ensure China's nuclear energy supply.”

CNUC, with more than 60 years of experience, is the only authorised national uranium production and operations company in China engaged in uranium mining and exploration. The company is a subsidiary of the state owned China National Nuclear Corporation (CNNC) a force in the country’s nuclear market with significant involvement in the nuclear supply fuel chain.



Zhang said the continuing operation of the mine is undoubtedly great news for Namibia.

“Rössing Uranium Mine will continue to provide taxation, employment and technology transfer, and play a prominent role in local economy.”

He also dispelled fears that the acquisition of the mine may cause a monopoly of the sector by Chinese companies.

“This worry is not necessary at all. CNNC and China General Nuclear Power Group (CGNPC) which acquired Husab Mine are two independent business entities which fiercely compete against each other. A monopoly is thus out of the question.”

Kornelia Shilunga, the deputy minister of mines and energy, commended the leadership of Rössing Uranium, CNUC, CNNC and Rio Tinto for their dedication and resilience to keep the mine alive.

“Rössing alone employs close to 2 000 employees and contractors. It was thus imperative that all the stakeholders take hands and work to keep the wheels turning at the mine.”

She further called for the continuation of efforts to explore and develop opportunities for increased and improved inputs into the mining sector, especially those which can be produced locally, so that sustainability of the Namibian mining sector for generations to come could be ensured.

Erongo governor Cleophas Mutjavikua also welcomed the new majority shareholders with open arms.

“Many times over the past few years, we thought that the mine is closing its doors. This is a happy day for us. We know that this new chapter would allow the business to prosper to the benefit of not only our stakeholders, but also the larger economy of the Erongo region.”

Rio Tinto Energy & Minerals CEO Bold Baatar paid tribute to the Rössing workforce and management team.

“Rössing’s greatest asset has always been its people. Our alumni have grown to be leaders in industry and society across the country, and are helping shape the Namibia of tomorrow.”

Battar said the occasion was a bittersweet moment for him.

“Rössing was one of the key pillars which helped build Rio Tinto into the world leader it is today. The story of Rössing and Rio Tinto is inseparable. While the selling of our shares was not an easy choice to make, it was one that ensured a strong future for the business. With our partners, Rössing will chart a new pathway, sustaining the business for years to come.”

Similar News

 

These are Swakop’s top healthy eateries

2 days ago - 21 January 2020 | Business

Swakopmund • [email protected] Hero Multisave Supermarket emerged as the top butchery, Mobi Soft Serve as the top mobile kiosk and Museums Café as the...

Pushing beyond existing boundaries

2 days ago - 21 January 2020 | Business

According to Maersk, drilling operations planned for its Angola-Namibia campaign will be done at a world record water depth. Maersk said that the well in...

Interne veranderinge by Orano

1 week ago - 14 January 2020 | Business

Swakopmund Orano Mynbougroep se bestuurende direkteur, Hilifa Mbako, beklee sedert 1 Januarie 2020 die rol van uitvoerende voorsitter ná ’n dekade by die maatskappy.“Hierdie...

Nuwe hotel vir Walvisbaai

1 week ago - 14 January 2020 | Business

Walvisbaai • [email protected] Die City Centre Hotel wat in die hartjie van Walvisbaai se middedorp geleë is, het onlangs sy deure amptelik geopen.Plaaslike...

Kospakkies bring trane van vreugde

1 week ago - 14 January 2020 | Business

Verteenwoordigers van Erongo Marine Enterprises (EME) het op Kersdag kospakkies aan 260 bejaardes langs die kus versprei. Die maatskappy het ook geskenke aan 32 weeskinders...

DP World, !Nara Namib take hands

1 week ago - 14 January 2020 | Business

Global trade enabler DP World signed a Memorandum of Understanding (MoU) with !Nara Namib Free Economic Industrial Zone some time ago. The partnership seeks...

Lugballon gaan unieke uitsig bied

4 weeks ago - 24 December 2019 | Business

Swakopmund • [email protected] Destination Swakopmund is tans hard aan die werk om Swakopmund in ‘n alles-in-een-toerismebestemming te omskep. Vanuit die inisiatief spruit reeds...

Kraatz pushing skills development

1 month - 11 December 2019 | Business

Another nine NIMT students were taken on board the Kraatz internship program at the company based in Walvis Bay. They will be trained for the...

Eet in die wolke

1 month - 03 December 2019 | Business

Swakopmund • [email protected] is nie vir sissies nie.Hiervan kan enige besoeker aan FlyDining getuig en binnekort gaan Swakopmund ook spog met een van dié unieke...

Ontsoutingsaanleg les Erongo streek se dors ...

1 month - 26 November 2019 | Business

Wlotzkasbaken • Leandrea Louw Die Erongo-ontsoutingsaanleg het 50 miljoen kubieke meter (50 miljard liter) drinkwater geproduseer sedert dit in 2010 begin werk het.Die anleg is...

Latest News

Kudus aiming for 7s glory

19 hours ago | Sports

Walvis Bay • [email protected] A group of 14 First National Bank (FNB) Kudu Rugby Club players and two officials departed for the Swartland...

Langasems maak reg vir aksie

19 hours ago | Sports

Swakopmund • [email protected] Bay Road Runners wil die jaar op ’n vinnige pas afskop met die klub se eie en eerste byeenkoms vir hardlopers langs...

Onderwys is die ruggraat van...

2 days ago - 21 January 2020 | Events

Swakopmund • [email protected] Die tema van Saterdag se maatskaplike verantwoordelikheidsdag aangebied deur Welwitschia Music Production (WMP) was “Wees jouself vir Namibië”. Hande is uitgereik by...

Geestesiektes: Breek die stigmas af...

2 days ago - 21 January 2020 | Health

Swakopmund • [email protected] Mense moet opgevoed word oor die verskeie mites rondom geestesiekes. Só sê me. Ilanza Klein (29), ’n aktivis wat haarself vir die...

These are Swakop’s top healthy...

2 days ago - 21 January 2020 | Business

Swakopmund • [email protected] Hero Multisave Supermarket emerged as the top butchery, Mobi Soft Serve as the top mobile kiosk and Museums Café as the...

Pushing beyond existing boundaries

2 days ago - 21 January 2020 | Business

According to Maersk, drilling operations planned for its Angola-Namibia campaign will be done at a world record water depth. Maersk said that the well in...

Grumpy’s fishing report

2 days ago - 21 January 2020 | Fishing

Slightly cleaner water made for tough fishing this past week and it appeared as if the fish disappeared. This was not totally the...

TIDES

2 days ago - 21 January 2020 | Fishing

Tuesday, 21 January Low 07:03 High 13:26 Low 19:41 High 02:00 Wednesday, 22 January High 02:04 Low...

Housing market remains under pressure

2 days ago - 20 January 2020 | Infrastructure

According to Ruusa Nandago, FNB Group Economist and author of the FNB Residential property report released on 16 January 2020, the index reached a historic...

Load More