The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
The move is expected to become effective Jan. 23, subject to approvals such as a final court order from the Supreme Court of British Columbia.
Orano and Mongolia’s state-owned MonAtom Group will together develop deposits holding an estimated 90,000 tons of uranium.
The EU is under growing pressure from businesses to foster the investment needed to build a sustainable economy and ensure access to key raw materials.
