Uranium miner Extract Resources is expecting a takeover bid, while more big names eye Fairfax.

The global uranium industry is slowly, but surely, shaking off the stigma from the Fukushima nuclear power disaster and getting on with it. While the price of uranium is still in check, China is continuing to work towards securing supply and Australia’s Extract Resources looks certain to benefit. It’s expected that Extract will update the market sometime today about the takeover that’s assumed to be coming from China Guangdong Nuclear Power Corp, now that it has secured Extract’s 43 per cent shareholder Kalahari Minerals. Elsewhere, two other big names have reportedly given Fairfax Media the once-over. Meanwhile, Austar is lawyering up to get its meeting over the Foxtel takeover delayed, Royal Dutch Shell is now seriously targeting an exit from Woodside Petroleum and some PaperlinX shareholders have had it with the board, calling for an EGM.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles