Rio Tinto Accepts Chinese Bid For Kalahari Minerals Shares
January 31 2012 - 10:05PM
Dow Jones News
Rio Tinto PLC (RIO) said it has accepted the offer from China
Guangdong Nuclear Power Corp. for its 11.1% stake in London-listed
Kalahari Minerals PLC (KAH.LN).
A decision on Rio's roughly 14.2% stake in Australia's Extract
Resources Ltd. (EXT.AU), which is developing a uranium project in
Namibia, would be made "in due course," Rio's Rossing unit said in
a statement Tuesday.
China Guangdong, together with China-Africa Development Fund,
has offered 243.55 pence in cash for each Kalahari share, valuing
it about GBP632 million.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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