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.