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Rossing uranium production increases by 17% in 2018

Rossing uranium production increases by 17% in 2018

One of the longest-running and largest open pit uranium mines in the country, the Rossing Uranium Mine this week reported that its uranium production in 2018 increased by 17% compared to 2017, as a result of higher milling grades.

The mine is currently under a binding agreement announced on 26 November 2018, which will see global miner Rio Tinto sell its 68.62% stake to China National Uranium Corporation (CNUC).

According to the company the sale is subject to certain conditions precedent, including merger approval from the Namibian Competition Commission.

Subject to these conditions being met, the transaction is expected to complete in the first half of 2019, the company added.

Rossing, managing director Richard Storrie in the statement paid tribute to every member of the team at the mine for their diligence and focus over the past few months which has led to this excellent operational and safety performance.

“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,” Storrie added.

According to Storrie, the top priority for him and his team team remains operating a safe and productive mine that continues to meet the needs of their customers.

Last year the mine also ended with a strong safety performance with zero injuries recorded in December.


 

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