Rio boss dismisses Jabiluka uranium ‘extortion’

Rio Tinto chief executive Jakob Stausholm refuses to be swept up in the uranium boom and says assets like the Northern Territory’s Jabiluka deposit were a clear “no-go” zone.

Uranium prices hit 16-year highs earlier this year after a decade of under-investment in mines at the same time as Opposition Leader Peter Dutton vowed to build a domestic nuclear power industry.