Rio Tinto supports ERA raising for Ranger rehab

Rio Tinto will bankroll a A$476 million (US$319 million) entitlement offer for Energy Resources of Australia (ERA) to fund the Ranger uranium mine rehabilitation obligations in the Northern Territory’s Kakadu National Park in Australia

Rio Tinto supports ERA raising for Ranger rehab Rio Tinto supports ERA raising for Ranger rehab Rio Tinto supports ERA raising for Ranger rehab Rio Tinto supports ERA raising for Ranger rehab Rio Tinto supports ERA raising for Ranger rehab

Ranger uranium mine in Australia's Northern Territory

Rio, already ERA's largest shareholder with a 68.39% holding, is likely to have to dig deep for the 6.13:1 offer, which is unlikely to gain that much interest from the wider market.