Rio Tinto Accepts Bid for Kalahari Uranium Mine

Reuters reported  Rio Tinto (NYSE:RIO,ASX:RIO) has accepted CGNPC bid for its shares in Kalahari Minerals (LSE:KAHA).

As quoted in the market news:

CGNPC, which is bidding alongside the China-Africa Development Fund in its effort to boost access to uranium supplies, wants to buy Kalahari for its 42.7 percent interest in Extract Resources, which owns the giant Husab uranium project in Namibia.

Click here to read the full Reuters report.