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Iran to Keep Namibian Uranium Mine Stake, Rio Says

Rio Tinto Group, the world’s third-largest mining company, said Iran can maintain a 15 percent stake in its Rossing uranium operation after a United Nations ruling barred the country from investing in mines of the fuel.

“We believe we are complying” with UN Resolution 1929, London-based Rio Tinto said today in an e-mailed statement to Bloomberg News, citing talks it held with the governments of the U.S., U.K., Australia and Namibia on the resolution passed by the 15-nation Security Council on June 9.