rio ceo in namibia

Rio Tinto CEO punts expansionv
Written by David Adetona
Friday, 02 July 2010 10:53
What makes the chief executive of the world�s biggest mining company come to Namibia in person to check on one of his minor subsidiaries? Short of saying he is here to work out a deal for R�ssing Uranium to acquire other known uranium deposits, the CEO did say in typical CEO-speak that he is here to cement the relationship with government and to promote �concerted efforts for the sustenance of mining and processing of uranium in Namibia.�
�I would like to see our presence in uranium continue.

We want to continue to invest in Namibia and appreciate the partnerships and support we have in Namibia especially the support from the government,� Tom Albanese, the Rio Tinto Group CEO said.
Rio Tinto owns 69% shares in R�ssing Uranium Ltd.
Albanese was in the country this week for a two-day working visit.
Speaking at a reception that was held in his honour at the Nampower Convention Centre on Wednesday this week, Albanese, expressed Rio Tinto�s willingness to partner with Namibia in areas of finding, mining, and processing the earth�s mineral resources in a way that meet society�s needs and contribute to improved living standards.
�It is essential that R�ssing Uranium Ltd continue to work and partner with government, the Chamber of Mines and many other stakeholders in Namibia. As the world continues to get more complicated we must ensure that we increase engagement and understanding.�
R�ssing has contributed roughly N$8 million per year on training, development and skills upgrading of its employees. �Some of our former employees are now in senior government and private sector positions in Namibia� said Albanese.
�In addition , R�ssing has contributed N$2.7 billion in government revenue. We have also paid N$7 billion to Namibian suppliers for goods and services.
�We invested more than N$200 million through the educational and training programmes of the R�ssing Foundation,� Albanese said.


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