Namibia backs Chinese purchase of Rio’s uranium stake, with caveat
The deal, expected to be completed by the end of June, needs clearance by the country's competition commission
29 May 2019 - 18:37
Windhoek — Namibia's mines and energy minister Tom Alweendo said on Wednesday he had no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws.
Rio, which is seeking to divest less profitable assets, said last November that it was selling its 69% stake in the world's longest-running open pit uranium mine to China for up to $106.5m and expected the deal to be completed in the first half of 2019...
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