MUN worried by the sale of Rössing

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Windhoek – The Mineworkers Union of Namibia (MUN) is worried that the selling of Rio Tinto shares in Rössing Uranium mine to China National Uranium Corporation Limited (CNUC Ltd) will have a negative impact on its members and the communities at large.

Rössing Uranium was sold to CNUC Ltd last year in November for R1.5 billion.

A statement issued on Tuesday by the MUN acting president, Allen Kalumbu, said the sale will put 90% of the country’s uranium in the hands of Chinese state-owned companies.

It added that the union feared that this would be a direct monopoly, which might have a negative impact in the near future, considering the negative history the country has with Chines companies.

“However, we would like to believe that the government and MUN will work closely to manage these new owners that they don’t come up with conditions, directly and indirectly, to negatively affect our members. The Mineworkers Union will not fold its hands backward when members’ interests are threatened,” it warned.

The union pointed out that it is aware that the life of Skorpion Zinc is coming to an end, and jobs for young Namibians there are on the line.

The only possible approach is that the new deposit found at Gergarub Mine in Rosh Pinah be expedited for it to open and create jobs for Namibians, the statement read.

It went on to say that the union also noticed the delay in government intervention in this matter and it is not acceptable.

It concluded that job security for its members was the union’s priority and they want investors who have long-term solutions to the current unemployment problem and not those who will make the area a ghost town when they leave. 

Investors must honour all existing agreements, it demanded. - Nampa

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