Rio Tinto Rössing (Rössing Uranium Ltd) has accepted the offer made by Taurus Mineral Limited (a company formed at the direction of CGNPC Uranium Resources Co., Ltd and the China-Africa Development Fund) for all of its shares in Kalahari Minerals plc.
Rio Tinto Rössing holds an interest of 28,267,310 shares (approximately 11.1 per cent) in Kalahari. Rio Tinto Rössing also holds an interest of approximately 14.22 per cent of the shares in Extract Resources Limited.
Under the terms of relief granted to Taurus by the Australian Securities and Investments Commission, Taurus must make an off-market takeover offer to all Extract shareholders within four weeks of Taurus having received acceptances of the Kalahari offer in respect of more than 50 per cent of the voting rights in Kalahari. A decision about whether to accept any Extract offer will be taken in due course in light of any recommendation provided by the board of Extract.
064 - 5203044/64 or