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.
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 $106.5-million and expected the deal to be completed in the first half of 2019.