ERA shareholder blasts Rio over board exodus
Fund manager Willy Packer has questioned whether a value should be ascribed to any mineral deposit in Australia where traditional owners have not given consent to mining.
Source: afr.com
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'Walk away': Traditional owners defend Kakadu against a new push from uranium miners | Northern Territory
The resurrection of the push to tap into Jabiluka has pitted the Mirarr people and Rio Tinto against investors who trumpet uranium’s green credentials
Source: theguardian.com
Kakadu uranium site clean-up in limbo amid calls to revive mine
Rio Tinto wants to fund rehabilitation but Ranger mine owner’s minority shareholders are pushing for further development
Source: theguardian.com
Fund manager calls Rio bluff on Jabiluka uranium mining
Rio Tinto should sell out of Energy Resources Australia if it can’t see a future in uranium mining at Jabiluka, according to Willy Packer, whose fund holds 8pc.
Source: afr.com
Packer & Co Investigator Trust June 2022 Report
The Investigator Trust returned -1.2% for the past year vs. -7.4% return for the Australian index. Click here to read the full fund letter.
Source: seekingalpha.com