Rio Tinto given go-ahead to clean up Ranger uranium mine

Mining giant intends to fully take over the mine's operator, Energy Resources Australia

The mining giant Rio Tinto will be able to go ahead with a plan to clean up the Ranger uranium mine after admitting it intends to fully take over the mine's operator, Energy Resources Australia.

The admission fulfils conditions set by the Takeovers Panel, which last month threw Rio Tinto's plans to help fund the cleanup - estimated to cost $830m - into disarray after a Singapore hedge fund objected to the proposal.