Original article by Peter Ker
The Australian Financial Review – Page: 15 : 27-Nov-18
Rio Tinto has advised that its 68.8 per cent stake in the Rossing uranium mine in Namibia will be sold to China National Uranium Corporation for between $US6.5 million and $US106.5 million. The Iranian Foreign Investments Company owns 15.29 per cent of Rossing; its ownership has caused discomfort for Rio, given that the US and other western nations have imposed sanctions on Iran in recent years. Rio CEO Jean-Sebastien Jacques says its investments in the developing world are still presenting challenges, including the Oyu Tolgoi copper mine in Mongolia.
RIO TINTO LIMITED – ASX RIO, CHINA NATIONAL URANIUM CORPORATION, IRANIAN FOREIGN INVESTMENTS COMPANY