Rio Tinto could partner Chinese bidder of Namibian uranium mine
Dec 13, 2011 | 08:55 AM
Rio Tinto could set up a partnership with the Chinese consortium that is bidding for the Namibian uranium operations in which the Australian diversified miner has a sizable stake, analysts said.
A consortium of China Guangdong Nuclear Power Group (CGNPG) and the China-Africa Development Fund made a £632 million ($987 million) cash offer for Kalahari Minerals, a uranium mining company with a mine in Rössing, Namibia, on December 8.
The Kalahari board has recommended the offer to its shareholders.
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