Mozambique is new coking coal focal point

Mozambique is a new focal point of coking coal. Some, like Rio Tinto chairperson Jan du Plessis, see Mozambique’s Tete province as a potential second Bowen basin, the coal jewel which has made Australia’s Queensland province so rich. The...

Mozambique is new coking coal focal point

Mozambique is a new focal point of coking coal. Some, like Rio Tinto chairperson Jan du Plessis, see Mozambique's Tete province as a potential second Bowen Basin, the coal jewel which has made Australia's Queensland province so rich.

Rio secures 72% in Riversdale as CSN accepts offer

Diversified miner Rio Tinto on Wednesday secured a 72% shareholding in takeover target Riversdale Mining, after Brazil’s CSN relented and offered its 19,35% shareholding. Earlier this month, Rio assumed control of Riversdale, by acquiring a...

Rio Tinto ups interest in Riversdale to 44,31%

One day before the close of its takeover offer for ASX-listed Riversdale Mining, diversified resources group Rio Tinto has secured only 44,31% in the Southern Africa-focused coal miner. This was shy of the 47% shareholding, which would trigger...

Rio Tinto declares Riversdale offer unconditional

Diversified miner Rio Tinto has waived its 50% minimum acceptance condition of its takeover bid for Riversdale Mining, which owns coal assets in South Africa and Mozambique. Earlier in the day, Riversdale went into a trading halt on news that Rio...

Rio gains 39,66% acceptance as sweetened Riversdale offer closes

Diversified miner Rio Tinto is still struggling to make leeway in its takeover of ASX-listed Riversdale Mining, as the period for its increased offer came to an end on Monday. Rio increased its bid for the coal miner from A$16 to A$16,50 a share,...

Rio CEO decries 'curse of resource nationalism'

Rio Tinto's chief executive said increased government involvement in the resources sector is constraining efforts to meet demand across the globe and slammed what he called the "curse of resource nationalism." CEO Tom Albanese, who is under...

Rio extends offer for Riversdale, increases shareholding

Diversified miner Rio Tinto has extended its $3,9-billion takeover offer period for ASX-listed Riversdale Mining to April 6. Rio, which on Monday held 34,94% of this issued share capital of Riversdale, had increased its offer price for Riversdale...

Rio Tinto ups Riversdale stake to 33,04%

Global miner Rio Tinto now owns 33,04% of takeover target Riversdale Mining, as more shareholders are taking the mining giant up on its increased offer. The diversified giant has until March 23 to secure a 50% shareholding in Riversdale, which...

Rio Tinto ups stake in Riversdale to 30,59%

Diversified miner Rio Tinto has taken its shareholding in ASX-listed Riversdale Mining to 30,59%. The mining giant was pushing for a minimum acceptance of 50% before March 23, and had recently increased its offer from A$16 to A$16,50 for...

Rio Tinto now owns 26,13% of Riversdale

Diversified mining giant Rio Tinto is making inroads with its takeover of ASX-listed Riversdale Mining. On Monday, Rio reported it had obtained a 26,13% shareholding in Riversdale, from its previously held 17,86%.

Rival bid for Riversdale not seen as likely – O’Keeffe

Riversdale Mining, which owns coal assets in Mozambique and South Africa, is not aware of any more offers that could emerge, chairperson Michael O’Keeffe said on Thursday, advising shareholders to accept an improved $3,9-billion offer from Rio...