Street Talk

Energy Resources of Australia seeks at least $210m, taps three brokers

Sarah Thompson, Kanika Sood and Emma Rapaport

Aug 26, 2024 – 8.56am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Energy Resources of Australia, majority controlled by Rio Tinto, began market soundings to raise at least $210 million from equity capital markets on Monday morning, after the Albanese government kiboshed its plans to develop the Jabiluka uranium deposit.

REA chief executive Brad Welsh. Ross Swanborough

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com