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Rössing under new management confirms its ongoing support for community projects

Rössing under new management confirms its ongoing support for community projects

The Rössing mine under its new owners, China National Uranium Corporation, is just as committed to its corporate social investments as Rio Tinto was. This week the mine’s new management confirmed that the mine will continue to play a leading social role, not only in the communities where it operates, but also on a much wider scale.

The mine’s new Managing Director, Johan Coetzee said “As a company, we hope to work closely with our communities especially in the communities [where] we operate. We have embarked on several projects since the take-over by CNUC and we hope to extend our involvement in the communities beyond the Erongo region.”

Since the Chinese national uranium company took control of Rössing in July this year, Rössing Uranium, the mine’s owner, and its social investment arm, the Rössing Foundation, have strengthened its community projects, first in the Erongo region but also in regions further afield, supporting community projects that promote agriculture, environmental conservation and education.

China National Uranium Corporation’s chairperson, Li Youliang confirmed their continued social involvement, saying “As the new majority shareholder, we believe in empowering communities and making a positive difference in the communities around us.”

Moving beyond Erongo, Rössing Uranium in partnership with the foundation selected 20 excellent learners from Kahenge Combined School in the Kavango West region during the second semester of this year. The group attend a week-long excursion at the Namib Desert Environmental Trust (NaDEET) at the Namibrand reserve in the south.

The learners were educated in climate change and adaptability in resource use, at the same time teaching them how to incorporate this new knowledge into their daily lives.

Rössing Uranium has also supported other projects such as to the Swakopmund Municipality’s annual Project Shine to clean up the beach, roads and sensitive areas in the desert.

Meanwhile, Rössing and the Rössing Foundation also carried out a feasibility study at the Dreamland Garden project where vegetables are grown in Arandis. Furthermore, the mine is active in supporting local schools with a range of activities.

The Rössing mine has been a major uranium producer for the past forty years while China National Uranium Corporation is a subsidiary of the country’s nuclear operator, responsible for managing its domestic and foreign uranium investments.


Caption: Twenty Grade 10 learners from Kahenge Combined School in the Kavango West region attended a week-long excursion funded by Rössing Uranium at the Namib Desert Environmental Trust (NaDEET) in the southern Namib where they learned about climate change and its effects.


 

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.