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Rio Tinto completes Hathor acquisition

01-12-2012 09:48 BJT

SYDNEY, Jan. 12 (Xinhua) -- Global miner Rio Tinto on Thursday announced it has completed acquisition of Canadian uranium company Hathor Exploration.

Rio on Thursday said it had compulsorily acquired a remaining 7. 9 million shares not voluntarily offered after it made a 654 million Canadian dollars (642 million U.S. dollars) takeover bid in October 2011.

Hathor, based near western Canada's Athabasca Basin, supplies about a fifth of the world's uranium. Rio Tinto employs more than 13,000 people in Canada, which include mining and manufacturing interests in alumina, aluminum, iron ore, diamond and titanium dioxide.

Editor:Zhang Hao |Source: Xinhua

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