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.

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

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