Rio Tinto Wins Hathor Takeover Bid, Secures Roughrider Uranium Project

International Business Times reported  Rio Tinto Ltd. (NYSE:RIO) has succeeded in its $654-million takeover bid for Hathor Exploration (TSX:HAT).

As quoted in the market news:

Rio Tinto Ltd. said it will prolong its offer by 10 days up until 12 December to acquire all the remaining outstanding shares of Hathor Exploration for $C4.70 ($A4.51) cash. So far, some 94,950,089 Hathor Exploration common shares representing 70.21 per cent of the shares have been tendered.

Click here to read the full International Business Times report.

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Peninsula Energy

Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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