I notice with interest the following announcement detailing RIO's withdrawl from a uranuim JV - to "focus on a few core projects". I think that they may be looking closer to their current operations for their uranium focus ?!!
Rio Tinto Mining and Exploration Ltd Withdraw from Mulofwe Uranium JV
Zambezi Resources Limited (“Zambezi” or the “Company”) (AIM:ZRL; ASX:ZRL) today announces that it has received notice from Rio Tinto Mining and Exploration (“Rio”) that it has withdrawn from the Mulofwe Uranium Joint Venture in Zambia. Rio’s withdrawal from the JV took effect as of 9 March 2009. Rio cites the primary reason for withdrawing from the JV as “a reduction in global budgets across Rio Tinto Exploration has forced us to re-examine our portfolio and focus on a few core projects”.
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