Rio Tinto has succeeded in its takeover of Hathor Exploration as the world's second largest mining company seeks to gain a foothold in the Canadian uranium production market.
Rio Tinto has gained 70.2 per cent of Hathor's shares, allowing the miner to move towards completing the takeover.
Rio Tinto also said in a statement on Thursday that it would extend the $C4.70 a share offer by 10 days to give the remaining shareholders sufficient time to sell their shares to the company.
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Hathor's board of directors unanimously recommended Rio's offer.
AAP
