Rio Tinto owns the majority of shares (69 per cent) in Rössing Uranium Limited. The Namibian Government has a 3 per cent shareholding, but it has the majority (51 per cent) when it comes to voting rights. The Iranian Foreign Investment Company owns 15 per cent, a stake it acquired during the set-up of the company in the early 1970s. The Industrial Development Corporation (IDC) of South Africa owns 10 per cent, while local individual shareholders own a combined 3 per cent shareholding. The shareholders do not have uranium product offtake rights.