Rio Tinto will move to full control of Energy Resources of Australia, taking its full allocation of an entitlement offer which will bring its stake in the Ranger uranium project owner to 98 per cent.
The Takeovers Panel has ruled that uranium player Energy Resources of Australia's entitlement offer with Rio Tinto did not involve unacceptable circumstances.
The Takeovers Panel has opted to steer clear of intervening in Energy Resources of Australia's $880 million offer, which could give Rio Tinto full control of the uranium miner.
Energy Resources of Australia has begun proceedings in the Federal Court against in relation to the Northern Territory government’s decision not to renew the Jabiluka mineral lease.
A forecast uranium production boost which led to an ASX stock sell-off last week will have a marginal impact on the market, according to Boss Energy chief executive Duncan Craib.
Noel Pearson's appointment this week to the board of Fortescue has lifted the number of Aboriginal people on major ASX boards to a grand total of five, with most in WA.
Rio Tinto has announced it will manage rehabilitation of the Ranger uranium mine in the Northern Territory on behalf of subsidiary Energy Resources Australia, which counts Perth-based company Packer & Co as a 9.32 per cent minority shareholder.
Peter Mansell will resign as chair of Energy Resources of Australia amid conflicting claims surrounding the multi-billion dollar rehabilitation of the Ranger uranium mine.
Revised costs to rehabilitate the Ranger uranium mine in the Northern Territory's Kakadu National Park could set Rio Tinto back at least $627 million more than first anticipated.
The former chair of WA Newspaper Holdings, Western Power, and Zinifex, Peter Mansell, has been appointed chair of Darwin-based Rio Tinto subsidiary Energy Resources of Australia, which operates the
The independent directors of Energy Resources of Australia have quit after a disagreement with major shareholder Rio Tinto over the future of its Ranger uranium mine in the Northern Territory.
Former Wesfarmers chief financial officer Erich Fraunschiel has joined BWP Trust as a non-executive director, and it is intended that he will succeed John Austin as chairman when he retires in late
Uranium miner Energy Resources of Australia has officially started the approvals process for its proposed Ranger 3 Deeps underground mine as part of a wider $177 million investment.
