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Rio Tinto has completed the sale of Rössing, the world's longest-running open pit uranium mine, to China National Uranium Corporation Limited for an initial cash payment of USD6.5 million plus a contingent payment of up to USD100 million.
Corporate 18 July 2019
The Namibian Competition Commission has conditionally approved China National Uranium Corporation’s acquisition of Rössing Uranium Limited. It is the only approval needed for the transaction to be completed. Rössing, the world's longest-running open pit uranium mine, has been in operation since 1976 and has a nameplate capacity of 4500 tonnes U3O8 per year.
Corporate 01 July 2019
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Paladin Energy Limited has announced a pre-feasibility study for the restart of the Langer Heinrich uranium mine in Namibia after identifying options to reduce operating costs and maintain cost competitiveness.
Uranium & Fuel 27 February 2019