CAPITAL MARKETS

Colliery on chopping block

WITH the Benga and Zambeze projects in Mozambique the key prize for Rio Tinto in its $A3.9 million off-market takeover of Riversdale Mining, the major intends to cut loose the South African miner's interest in the Zululand Anthracite colliery.

MiningNews.Net
Colliery on chopping block

Filing its bidder’s statement overnight, the world’s second largest miner said it also intended to consolidate Riversdale’s corporate head office function into its own, leading to a possible $7.9 million...

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