Photograph: ReutersPhotograph: Reutershas dramatically escalated its war with minority shareholders in the company that owns the Jabiluka and Ranger uranium deposits at Kakadu, calling on the Energy Resources Australia chair, Peter Mansell, to resign.
The stoush has thrown into limbo efforts to raise up to $2.2bn needed for the remediation of Ranger – work that is already suffering from large cost blowouts and lengthy delays. On Monday, Rio said it had requested Mansell resign “to allow for board renewal and introduce new perspectives to address the material cost and schedule overruns on the critical Ranger rehabilitation project in Australia’s Northern Territory”.Rio’s chief executive for Australia, Kellie Parker, said the company was committed to rehabilitating the Ranger area “in a way that is consistent with the wishes of the Mirarr people”.
You would complain to if you knew the cost shareholders up in arms let’s hope I don’t carry gunshots. Yes you guessed it…!Pierce I meant guns that shoot bullets…!
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