Rossing Uranium Mine Officials value Iran's Shares

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"We believe we are complying with UN Resolution 1929," the Anglo Australian mining giant Rio Tinto said in a report. The UN Security Council Resolution 1929 bans Iran from acquire any interest in any commercial action involving uranium mining, enrichment, reprocessing and the manufacture or use of nuclear materials and technology. Iran has owned a 15 percent stake in the Rossing Uranium Mine in Namibia in southern Africa, which is mass owned by Rio Tinto, since 1975. According to World Nuclear Association data, Rossing mine is the world's third biggest investor of nuclear fuel and the largest open pit uranium mine, accounting for 7 percent of the global deliver.

On October 18, the company's director for corporate communications and external relations Jerome Mutumba told Reuters that "Rossing Uranium Limited is check with with the Government of Namibia to find a solution to deal with the UN Resolution." "Iran does not gain access to any nuclear technology through its investments. It has no uranium merchandise off-take rights," Rio Tinto said in the statement. The US-led West accuses Iran of trying to expand nuclear weapons under the cover of a civilian nuclear program, while they have not at all presented any corroborative evidence to substantiate their allegations. Iran denies the charges and insists that its nuclear program is for peaceful purpose only. Tehran stresses that the country has always pursued a civilian path to give power to the growing number of Iranian population, whose fossil fuel would ultimately run dry.

Despite the rules enshrine in the Non-Proliferation Treaty (NPT) entitling each member state, including Iran, to the right of uranium enrichment, Tehran is now under four rounds of UN Security Council sanction for turning down West's calls to provide up its right of uranium enrichment. Tehran has dismissed West's demands as politically tainted and illogical, stressing that sanctions and pressure merely consolidate Iranians' national decide to continue the path. Political observers believe that the United States has remain at loggerheads with Iran mostly over the independent and home grown-up nature of Tehran's nuclear technology, which gives the Islamic Republic the possible to turn into a world power and a role model for other third world countries.

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