The Industrial Development Corporation of South Africa (IDC) has opened a public disposal process to sell its 10.2% equity stake in Namibia-based Rössing Uranium Limited, citing the end of its investment horizon. The IDC, a founding shareholder that invested in the Namibian uranium mining project in the 1970s, says it is seeking buyers to take over its minority holding. The operation has an installed production capacity of approximately 4 500 tonnes of uranium oxide per year. At its peak in 2005, Rössing produced 3 711 tonnes of uranium oxide, accounting for about 8% of global output at the time. The mine’s ownership structure is led by China National Uranium Corporation with a 68.6% stake, followed by the Iranian Foreign Investment Company at 15%.