Angela Balakrishnan
The Guardian,
Thursday July 31 2008
Bright future
Aim-listed mining exploration group Kalahari Minerals has a portfolio of copper and base metals in Namibia and a 39.1% interest in Extract Resources. An announcement by Extract said its preliminary exploration goal for its Rossing South project in Namibia is 126m to 198m pounds of uranium. Analysts say the quality of Kalahari's resources and the proximity to Rio Tinto's Rossing uranium mine make the company an attractive target. Fairfax says it is only a matter of time before Rio Tinto seeks to extend its reserves and will look at Kalahari's licence area. Shares rose 5.3% to 29.75p.
http://www.guardian.co.uk/business/2008/jul/31/marketforces
fairfax says attractive target for rio tinto
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