The Australian
mining giant
Rio Tinto's wholly-owned subsidiary
Rio Tinto Jersey Holdings 2010 Limited has extended its takeover offer for the Africa-focused Australian coal miner Riversdale
Mining Limited (Riversdale) by two weeks to end on May 20, 2011, unless further extended.
Rio Tinto continues to receive acceptances to the offer and now holds a relevant interest in approximately 73.28 percent of Riversdale shares. As a result, the free-float of Riversdale shares not controlled by either
Rio Tinto or Tata Steel has dropped to just 0.44 percent of all shares on issue.