Rio Tinto assumes control of Riversdale Mining
Rio Tinto PLC said Friday it has assumed control of Riversdale Mining Ltd., with its interest in the Africa-focused coal producer rising above 50% with the prospect of increasing further before the takeover offer closes April 20.
Reuters reported that Australia approved miner Rio Tinto's USD 1 billion plus South of Embley bauxite mine and port project in Queensland after a year's delay due to concerns about ships harming the Great Barrier Reef.