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Rio Tinto forced to back big ERA raising

Uranium rehab obligations need funding, and no other option could be found to keep miner solvent

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, despite being pitched...

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