Ceramic Industry News

Rio Tinto Acquires Riversdale Mining

June 29, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Rio Tinto recently announced it will move to compulsory acquisition of Riversdale Mining Ltd., as Tata Steel has accepted all of its shareholding into Rio Tinto’s takeover offer for Riversdale. Rio Tinto’s offer for Riversdale, made through Rio Tinto Jersey Holdings 2010 Ltd., reportedly received an overwhelming level of support from Riversdale shareholders. Rio Tinto has acquired 99.74% of all Riversdale shares, including Tata Steel’s 26.28% stake.

“This is a great outcome for Rio Tinto,” said Doug Ritchie, Energy chief executive for Rio Tinto. “The Riversdale acquisition reinforces our strategy of investing in and operating long-life, cost-competitive mines and businesses with significant growth potential.”

For more information, visit www.riversdalemining.com or www.riotinto.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

April 2014 Issue Highlights

Our April 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px