Forbes coal to acquire two South African mines from Rio Tinto
Forbes & Manhattan Coal Corp said on Monday it plans to acquire two South African coal mines from a unit of Rio Tinto in a bid to boost its output and enlarge its footprint in Africa.
ArcelorMittal South Africa has started talks with mining groups Vale and Rio Tinto to buy coking coal mined in Mozambique, an official from the South African steel making company said cited by financial news agency Reuters.