Australian miner Rio Tinto shortlisted nine companies bidding for a South African coal mine that it acquired through the Mozambique-focused Australian mining company Riversdale Mining takeover for $US4billion in June, according to media reports.
Rio Tinto could gain up to $150 million from the sale of the Riversdale anthracite colliery located in KwaZulu Natal province, South Africa, which is producing about 750,000 mt of coal per year.
Rio Tinto, who would like to sell the colliery to an experienced mine operator, received approaches from parties in South Africa, Australia, Canada, the US and Britain