- Rio Tinto Plc (RIO) has expressed its support for the ERA’s (Energy Resources of Australia Limited's) plans to raise funds for rehabilitation of Ranger Project Area.
- ERA is planning to a renounceable claim offer to raise $324 million or A$476 million for the rehabilitation of the project situated in Northern Territory. It is required to end mining and processing activities at Ranger by the first month of 2021 and complete the final restoration by the first month of 2026.
- The company in view of ERA's inability to obtain third-party underwriting support has also agreed to fully underwrite the offer to ensure ERA has the funds it needs to meet its present restoration commitments.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.