Antinuclear

Rio Tinto appeals Takeovers Panel decision on uranium miner ERA

Rio Tinto appeals Takeovers Panel decision on uranium miner ERA, THE AUSTRALIAN,    NICK EVANS, RESOURCE WRITER, 13 Dec 19, 

Rio Tinto has appealed a Takeovers Panel decision preventing it from taking complete control of uranium miner ERA, as the fallout from the company’s hard-ball tactics to fund the clean-up of the Ranger uranium mine continues.

The Takeovers Panel handed dissident ERA investor Richard Magides a moral victory on Wednesday, declaring ERA’s decision to accept a Rio offer to underwrite a $476m equity issue was made in “unacceptable circumstances”…...(subscribers only)

December 13, 2019 - Posted by Christina Macpherson | business, Northern Territory, uranium