RÖSSING Uranium Limited, owned by Chinese state-owned China National Uranium Corporation Limited (CNUC), has announced the appointment of Johan Coetzee as its new Managing Director.
Foibe Namene, Chairperson Rössing Uranium Limited, stated that Coetzee was previously the Chief Operating Officer for Desert Lion Energy Namibia and prior to that role, he was employed as Managing Director of QKR Navachab Mine.
“His extensive mining career also includes various leadership roles at Skorpion Zinc and Ghana Manganese Company. He also held leadership roles at Rössing Uranium, amongst other as Operations Manager,” Namene said.
She added that Coetzee will join the Rössing leadership team on 14 October 2019.
Coetzee will replace current managing director Richard Storrie, who took up another position within the Rio Tinto group, following the sale of Rio Tinto’s majority shareholding in Rössing Uranium to China National Uranium Corporation (CNUC).
The deal, which was punted as pivotal for the future existence of the mine, was finalised in July this year. The Rössing mine is a major local economic player. It procures nearly 80% of its supplies from Namibian vendors and it plays a significant role in small business support, education and community development.
Although the mine’s accumulated losses relieved it of paying any tax on profit in 2018, it still contributed N$551 million to the fiscus and parastatals.