Shareholding

Rio Tinto owns the majority of shares (68.62 per cent) in Rössing Uranium Limited. On 26 November 2018 Rio Tinto announced that it had agreed to the sale of its stake in Rössing Uranium with the China National Uranium Corporation Limited (CNUC). The transaction is subject to certain conditions precedent, including merger approval from the Namibian Competition Commission. Subject to these conditions being met, the transaction is expected to complete in the first half of 2019.

The Namibian Government has a shareholding of 3 per cent and it has the majority (51 per cent) when it comes to voting rights. The Iranian Foreign Investment Company (IFIC) is a passive legacy investor in Rössing Uranium, holding a 15 per cent stake that goes back to the early 1970s in the financing of the mine. The Industrial Development Corporation (IDC) of South Africa owns 10 per cent, while individual shareholders own a combined 3 per cent shareholding.