19 july namib times e-edition

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N$4

namib times SERVING THE COASTAL COMMUNITY SINCE 1958 NO 6870 FRIDAY 19 JULY 2019 Tel: +264 64 - 205854 / +264 64 - 461866 /Fax: +264 64 - 204813 / 064 - 461824 / Website: www.namibtimes.net

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Chinese take majority stake in Rössing Mine

Week of accidents

Sharlien Tjambari Rössing Uranium Limited (RUL) is officially Chinese-owned. International mining company Rio Tinto concluded the sale earlier this week of RUL to China National Uranium Corporation Limited (CNUC) at an initial cash payment of nearly N$1 billion and a further N$14 billion in a contingent payments spread over the next seven years and dependant on factors such as the uranium world market spot price. Rio Tinto fully owned RUL which in turn owns 68,62 % of the Rössing Uranium Mine. News of the sale fetched news

headlines worldwide. In a statement by Rio Tinto on its official website, the mining company is quoted: “Rio Tinto has com-

pleted the sale of its entire interest in the Rössing uranium mine in Namibia to China National Uranium Corporation Limited (CN-

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UC) for an initial cash payment of $6.5 million plus a contingent payment of up to $100 million. Rio Tinto chief exe-

cutive J-S Jacques said “This sale demonstrates Rio Tinto's commitment to further simplifying and strengthening our portfolio and

brings the total divestment proceeds received since 2017 to $11.2 billion, of which $9.7 billion has been

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Thieves strip Swakopmund bridge Among proud Namibians are “sick” of its metal rails elements called thieves and vandals Floris Steenkamp Thieves continue their “sick” grip on the coastal communities. The latest trend now is the systematic illegal removal of the metal bridge rails of the Swakopmund bridge at the entrance of the holiday town on the B2 coastal road. In a very short time not only the rails disappeared but also the metal uprights which keep the rails in place. Metal thieves are also busy in all the coastal towns at night, especially Walvis Bay, stealing taps, metal pipes and even water meters. The result is not only confined to the owner or resident of the property suffering the physical loss of these items, but also water losses. “Among us proud Namibians are sick elements. These sick elements we call thieves and vandals”, remarked a resident yesterday who alerted the newspaper of the bridge-incident.

Railways soon 120 years old

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Locker vom Hocker

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Pro-Ed got the bragging rights

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