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Riversdale play could trigger bidding war

A BIDDING war for Riversdale Mining could soon erupt between Rio Tinto and Brazil's Vale after the African coal miner confirmed it had been in talks with Rio about a potential £2 billion ($A3.17 billion) tie-up.

MiningNews.Net
Riversdale play could trigger bidding war

Over the weekend reports about the possible takeover were leaked and Riversdale has since confirmed it has received a consideration of $A15 a share from the world's second-largest miner. Shares in...

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