Willy Packer lambasts Rio Tinto for ‘crucifying’ shareholders as miner dictates $880m Jabiluka rescue raise

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****** Packer lambasts Rio Tinto for ‘crucifying’ shareholders as miner dictates $880m Jabiluka rescue raise

****** Packer has accused Rio Tinto of crucifying shareholders as the mining giant ploughs $750 million into his thwarted uranium bet Energy Resources of Australia and forces a buyout of the company.

According to ERA, majority stakeholder Rio Tinto was the only investor out of 90 keen to participate in a capital raising after sounding out the market earlier this week to raise $210 million.

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