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Rio Tinto will carry out the rehabilitation of the closed Ranger uranium mine in Australia’s Northern Territory, a government body has ruled.ends a long-running dispute over whether Rio Tinto or its majority owned uranium producer Energy Resources of Australia would assume the site restoration’s costs.
Willy Packer’s Packer&Co and Richard Magides’ Zentree, who collectively own around 12% of ERA, filed an objection with the Takeovers Panel, saying the move would unfairly allow Rio to increase its stake in the company from 86.3% to 99.2%, clearing the way for the mining giant to buy out ERA. The Australian government, led by prime Minister Anthony Albanese, has pledged that Jabiluka will “never be mined” and instead will be integrated into the adjacent Kakadu National Park., despite Rio Tinto’s stating that it had no plans to develop the mine site and that it was pleased to see the traditional owners’ wishes respected.
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