Rio Tinto PLC (RIO) said it has accepted the offer from China Guangdong Nuclear Power Corp. for its 11.1% stake in London-listed Kalahari Minerals PLC (KAH.LN).

A decision on Rio's roughly 14.2% stake in Australia's Extract Resources Ltd. (EXT.AU), which is developing a uranium project in Namibia, would be made "in due course," Rio's Rossing unit said in a statement Tuesday.

China Guangdong, together with China-Africa Development Fund, has offered 243.55 pence in cash for each Kalahari share, valuing it about GBP632 million.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

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