Extract Resources Says Hasn't Received Any Takeover Offers

Extract Resources Ltd. (EXT.AU) said Thursday it hasn't received any takeover offers but has had approaches from parties interested in participating in the development of its Rossing South uranium project in Namibia.

The miner has previously said that it could attract a takeover offer from a consortium comprising a miner and customer, but Thursday issued a statement saying no bids have been made.

"Extract advises that no takeover offers have been received by the company to date and does not wish to speculate on any actions that may, or may not, be undertaken by third parties in future," it said.

"Extract can confirm that a number of parties have contacted the company to express potential interest in participating in the development of the Rossing South uranium project in Namibia."

The Perth-based company said it is reviewing corporate and businesses options for the development of Rossing South, but hadn't made any decisions yet.

U.K.-based Kalahari Minerals PLC (KAH.LN) has a 40% stake in Extract and Rio Tinto Ltd. (RTP) has built a 15.6% stake, sparking speculation of a possible bid for the company.

-By Alex Wilson, Dow Jones Newswires; 61-3-9292-2094; [e-mail]