MANAGEMENT

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

Haydn Black
Ranger uranium mine in Australia's Northern Territory

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.   Rio has been...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

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