Riversdale Mining
| Company type | Public |
|---|---|
| ASX: RIV | |
| Headquarters | Sydney , Australia |
| Revenue | A$97.5M[1] |
Riversdale Mining is an Australian mining company, listed on the S&P/ASX 200. It specialises in coal mines in Africa.[2][3][4]
Tata Steel owned a stake of approximately 24% in Riversdale;[5] Passport Capital and Brazilian steelmaker CSN also have a stake.[6] In April 2010, Rio Tinto Group gained a majority stake.[7]
Operations
[edit]In June 2010, Riversdale Mining signed an agreement with Wuhan Iron and Steel to jointly develop Riversdale's Zambeze coal reserves in Mozambique, one of the world's largest undeveloped coking coal areas; Wuhan will also buy coal from Riversdale's nearby Benga mines.[6] The Benga mines are expected to produce 20 million tonnes per year.[8] These mines are near Moatize in Mozambique.[9]
Riversdale also has the Zululand anthracite mine in northern KwaZulu Natal in South Africa.[10]
Takeover
[edit]Riversdale has been in takeover talks with Rio Tinto, valuing it at A$3.5 billion;[11][12][13] the government of India has also considered bidding.[14]
References
[edit]- ^ "RIVERSDALE MINING LTD (RIV:AU): Financial Statements - BusinessWeek". 2010-12-12. Retrieved 2010-12-12.[dead link]
- ^ "Riversdale Says Rio Tinto Made $3.46 Billion Initial Offer for Coalminer - Bloomberg". 2010-12-12. Retrieved 2010-12-12.
- ^ "Riversdale Mining - Mining News - MiningWeekly.com". 2010-12-12. Retrieved 2010-12-12.
- ^ "Mining Journal - Riversdale Mining". 2010-12-12. Archived from the original on 2011-03-18. Retrieved 2010-12-12.
- ^ "Tata Steel says Riversdale Mining is strategic investment - NDTV Profit". 2010-12-12. Retrieved 2010-12-12.
- ^ a b "Steel Guru : Who will win Australian Riversdale Mining - 180220 - 2010-12-11". 2010-12-12. Retrieved 2010-12-12.
- ^ "Rio Tinto claims control of Riversdale". 2011-04-11. Archived from the original on 2012-06-11. Retrieved 2011-04-11.
- ^ "Mineweb.com - The world's premier mining and mining investment website Riversdale Mining gets go ahead for Mozambique coal project". Mineweb. 2010-12-12. Retrieved 2010-12-12.
- ^ "Steel Guru : Riversdale Mining updates on Benga Coal Project - 172967 - 2010-11-01". 2010-12-12. Retrieved 2010-12-12.
- ^ "RIVERSDALE MINING LTD (RIV:AU): Stock Quote & Company Profile - BusinessWeek". 2010-12-12. Retrieved 2010-12-12.[dead link]
- ^ "Mining Journal - Record close for Riversdale as Rio Tinto interest revealed". 2010-12-12. Retrieved 2010-12-12.
- ^ "Rio Tinto bids for Riversdale Mining - CFO World". 2010-12-12. Archived from the original on 2011-03-12. Retrieved 2010-12-12.
- ^ "Rio eyes Africa with Riversdale approach". 2010-12-12. Retrieved 2010-12-12.
- ^ "Mining Journal - India plans Riversdale bid to challenge Rio Tinto". Retrieved 2010-12-26.