Rio Tinto sells its stake in Rössing Uranium to Chinese miner up for $106.5 million. The Global miner Rio Tinto says it sold its...

Rio Tinto is the majority owner of Rössing Uranium Limited. The Namibian government has a 3% shareholding but, the government has a ''big say'' in terms of decision making and voting rights. The Iranian Foreign Investment Company (IFIC) is a passive legacy investor in Rössing Uranium, holding a 15% stake that goes back to the early 1970s in the financing of the mine. The Industrial Development Corporation of South Africa (Shiva Uranium) owns 10%, while local individual shareholders own a combined 3%. The Chinese company China National Nuclear Corporation (CNNC) that owns the Geology & Mining Department has 25 % stake in Namibia's Langer Heinrich uranium mine, currently under care-and-maintenance. Subject to conditions, including merger approval from the Namibian Competition Commission, the transaction is expected to be completed in the first half of next year.