Monday, 25 November 2024
Home News Rio Tinto takes up full entitlements in ERA rights issue, moving to over 98% ownership

The following content is a news release distributed by . The original news release may be found here.

Rio Tinto takes up full entitlements in ERA rights issue, moving to over 98% ownership

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto notes the announcement today by Energy Resources of Australia Ltd (ERA) in relation to the conclusion of its entitlement offer and shortfall bookbuild, which raised A$766.5 million (before costs) to fund planned rehabilitation activities of the Ranger Project Area. As a result of Rio Tinto taking up its pro rata entitlements in the entitlement offer and the level of participation by other ERA shareholders, Rio Tinto will hold over 98% of ERA’s sh...

Read the full news release here

Organizations

Related Articles

Observers said COP29 in Baku made virtually no progress on tackling the source of global warming (AFP)
ClimateCoalEmissionsNatural GasOilPoliticsTradeUnited Nations

Concern as climate talks stalls on fossil fuels pledge

Countries clashed at COP29 over how to build on a landmark pledge...

Prime Minister Sir Keir Starmer speaks on day two of the Cop29 climate summit (Carl Court/PA)
ClimateClimate FinanceEmissionsPoliticsUnited Nations

Cop29 finance deal ‘a death sentence’ and ‘woefully inadequate’, activists say

COP29's $300bn climate deal is slammed as 'woefully inadequate' and a 'death...

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany.
BusinessEconomyIndustryManufacturing

Thyssenkrupp: expert opinion gives positive view for steel business

Thyssenkrupp's steel division secures financing for two years, with expert backing its...

Login into your Account

Please login to like, dislike or bookmark this article.