M&A

Tata buys stake in Riversdale's Mozambique coal

INDIAN giant Tata Steel has acquired a 35% stake in Australian-listed Riversdale Mining's Mozambique Coal Project for $A100 million.

MiningNews.Net
Tata buys stake in Riversdale's Mozambique coal

A joint venture will be established to develop the coal project, which comprises approximately 25,000 hectares across the Benga and Tete licences in the Moatize Coal Basin. This basin is considered...

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