Base metal mining oriented group Rio Tinto is unlikely to walk away from a bidding war for uranium developer Hathor Exploration, investors said on Tuesday, after rival bidder Cameco Corp trumped the global miner with a C$625m ($615m) offer, Reuters reports.
AB
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Energy bills rise by 1.2% as Ofgem urges households to seek best dealOfgem's new energy price cap has come into effect today
-
Solar investing: is it too risky?NextEnergy Solar Fund’s steep discount reflects doubts about high debts and the sustainability of its dividend. What does it mean for solar investors?
