Chinese make a bid for Kalahari

A $1.23bn (£761m) potential takeover offer by a Chinese state-run group for Kalahari Minerals may prompt Rio Tinto to consider its own bid for the uranium miner. The 290p per share offer by China Guangdong Nuclear Power Holding would allow China’s government access to uranium to boost its atomic generation efforts. Rio Tinto owns 14 per cent of Kalahari and has indicated an interest in buying smaller miners, raising the prospect that it could consider a takeover. Japan’s Itochu Corp also owns 14 per cent of Kalahari.