Diversified miner Rio Tinto has taken up its full entitlement in the recent rights issue by Energy Resources of Australia (ERA), increasing its shareholding in the company to more than 98%.

Credit: William Barton/Shutterstock. Mining giant Rio Tinto will take full control of ERA, holding more than 98% of the company’s shares, following ERA’s entitlement offer and shortfall bookbuild. The ...

after participating for our full entitlement in the ERA capital raising, underlines our commitment to Ranger’s rehabilitation.” If compulsory acquisition is completed, Rio Tinto has no ...

Rio Tinto (NYSE:RIO) said Tuesday it has taken up its full entitlement in the recent rights issue by Energy Resources of Australia, increasing its stake in the company to more than 98%.

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.

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Mining giant Rio Tinto will put its money where its mouth is and get on with the job of shutting down and rehabilitating a controversial uranium mine surrounded by the World Heritage Kakadu ...

“Proceeding with compulsory acquisition, after participating for our full entitlement in the ERA capital raising, underlines our commitment to Ranger’s rehabilitation.” If compulsory acquisition is ...