Directors walk as ERA secures short-term Rio loan

THE dispute between Energy Resources of Australia's major shareholders over the future of the uranium mining in the Kakadu national park has resulted in Rio Tinto making a ‘modest’ loan to help plug a looming cash shortfall and to see off ERA’s independent directors.

Directors walk as ERA secures short-term Rio loan Directors walk as ERA secures short-term Rio loan Directors walk as ERA secures short-term Rio loan Directors walk as ERA secures short-term Rio loan Directors walk as ERA secures short-term Rio loan

Ranger will be returned to Kakadu eventually

Over the weekend Rio Australia CEO Kellie Parker asked ERA's chair, Peter Mansell, to consider his position and walk.

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