CAPITAL MARKETS

Indians go cool on Riversdale

A MAJOR potential rival for Rio Tinto's $3.9 billion cash offer for African coking coal group Riversdale Mining is out of contention with Indian industry consortium International Coal Ventures deciding not to issue a counter-bid.

Lau Caruana
Indians go cool on Riversdale

AThe effect on Riversdale’s share price was immediate, sinking by 2.2% this morning to $15.88 and below Rio’s $16 per share offer. The decision is good news for Rio, which is keen to increase its mix...

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