Namibia's mines and energy minister said he has no objection to Rio Tinto&#...
WINDHOEK - Namibia’s mines and energy minister said he has no objection to Rio Tinto’s sale of its uranium mine stake to China provided it respects the African nation’s laws.
Asked whether the sale would be cleared, Mines and Energy Minister Tom Alweendo told Reuters: “We have no objection to the sale provided that the buyer abides by what’s expected of him by our laws.” There was “no intention to replace local Namibian employees with foreign nationals solely as a result of this transaction,” he told the hearing in the coastal town of Swakopmund.Rio Tinto is selling its stake in Ros sing Uranium mine to CNBC in a deal dependent on approval from the Namibian competition commission.
China is targeting nuclear power as an alternative to fossil fuels. It was the only obvious buyer of the shares in the Ros sing mine.
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