Source: Business Spectator                          Date: 12 october, 2011

Rio Tinto may open a deal with China Guangdong Nuclear plants. Reports say the company is interested in renewing its bid for London-listed uranium miner Kalahari Minerals.
A bid for Kalahari would trigger a compulsory bid for Australian-listed uranium explorer Extract Resources. State-owned Chinese firm is part of a larger merger and acquisition (M&A) storm of activity taking place in Asia.
Rio owns 14.9 percent premium to its current trading price. Kalahari's 43 percent stake in Extract, will force Guangdong to submit to Australian legislation. Australian takeover rules will require Guangdong to put a bid in for Extract if it wins Kalahari.