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Rio Tinto takes bazooka to uranium fight

Rio Tinto used its price setting power to blow minority shareholders out of the water.

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Get the Takeovers Panel ready, the uranium bulls are coming.

Fund managers Zentree Investments and Perth’s Packer & Co have no choice but to reopen the Jabiluka can of worms after Rio Tinto sensationally squashed their stakes in ASX-listed Energy Resources of Australia.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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    Original URL: https://www.afr.com/chanticleer/rio-tinto-takes-bazooka-to-uranium-fight-20240827-p5k5oh