Rio Tinto makes the final extension on Riversdale offer

Friday, 03 June 2011 17:06:19 (GMT+3)   |  
       

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 Friday, June 17, 2011. The offer period will not be extended any further.
 
Rio Tinto continues to receive acceptances to the offer and now holds a relevant interest in approximately 73.42 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 0.3 percent of all shares on issue.

Similar articles

Iron ore prices continue to rise, heading towards $120/mt CFR

18 Apr | Scrap & Raw Materials

India’s coking coal import traffic at ports up 10% in FY 2023-24

18 Apr | Steel News

BHP Billiton’s iron ore output down in Q3 FY 2023-24, metallurgical coal output forecast lowered

18 Apr | Steel News

China’s iron ore output increases by 15.3 percent in Q1

18 Apr | Steel News

Major steel and raw material futures prices in China - April 18, 2024

18 Apr | Longs and Billet

Brazilian high-grade iron ore price increases sharply week-on-week

17 Apr | Scrap & Raw Materials

Iron ore production increases at Vale in Q1

17 Apr | Steel News

Daily iron ore prices CFR China - April 17, 2024

17 Apr | Scrap & Raw Materials

Ukraine’s ArcelorMittal Kryvyi Rih posts higher output for Q1, plans 50% utilization

17 Apr | Steel News

Sweden’s LKAB cuts iron ore output, considers closing pellet plant

17 Apr | Steel News