Rio’s Rossing Uranium Mine Reports 41% Drop in Output in 2011

Rio Tinto Plc’s (RIO) Rossing uranium mine said output declined 41 percent to 2,148 metric tons in 2011 from a year earlier, missing its target, as above-average rainfall at the start of the year cut production.

Low grades, low crushing-plant availability, a planned two- week maintenance shutdown and industrial action during the second half of the year also curbed output, the company said in a statement handed to reporters today in Windhoek, Namibia’s capital. The output target was 3,100 tons for the year, External Affairs Manager Jerome Mutumba said Nov. 28.

Rossing, which posted a loss of 471 million Namibian dollars ($57 million) for the year, expects to return to profitability in 2014, it said.

To contact the reporter on this story: Chamwe Kaira in Windhoek at

To contact the editor responsible for this story: Gordon Bell at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.