Rio still has sights on Namibian uranium deposit
Barry Fitzgerald
May 12, 2011
RIO TINTO remains in the hunt for control of the Husab uranium project in Namibia after Britain's takeover regulator banned a cut-price bid by Chinese interests for London-listed Kalahari Minerals.
Kalahari holds a 43 per cent stake in ASX-listed Extract Resources, which owns the Husab project.
Rio Tinto is an 11.5 per cent shareholder in Kalahari and a 14.23 per cent Extract shareholder - positions it has taken up with a view to possibly securing control of Husab, potentially the world's third-biggest uranium resource.
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Rio still has sights on Namibian uranium depositBarry...
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