Rio Tinto buys into explorers Kalahari Minerals, Extract
Diversified-miner Rio Tinto has bought 14,9% of Aim-listed Kalahari Minerals, which is exploring for gold and base metals on several properties in Namibia, the smaller company reported on Thursday. Kalahari owns just under 40% of ASX-listed uranium explorer Extract Resources, which also announced that Rio had bought shares equal to 10,9%.
