Rio Tinto to De-List Riversdale Mining
After months of anticipation and waiting Rio Tinto finally gets its hands on Riversdale Mining. Having taken control of the company Rio Tinto has moved to de-list Riversdale Mining from the Australian Securities Exchange.
It currently owns a 73% stake in the company and has five representatives on the nine member company board. It has also extended its Australian $4 billion takeover offer for the Mozambique focused mining company to May 6, 2011.
Doug Ritchie, the Rio Tinto Energy Chief Executive has been appointed chairman of Riversdale Mining in place of Michael O’Keeffe. Mr Ritchie acknowledged that the contribution of his predecessor made Riversdale Mining the business it was today on the verge of a significant growth phase.
The first bid made by Rio Tinto on December 23, 2010 has now been extended five times. The initial $16 per share bid has now been increased to a $ 16.50 per share bid. Tata Steel still maintains it 27% interest in the company. One of Riversdale's key projects, Benga, is a joint venture between Riversdale Mining which holds 65 per cent and Tata Steel holding the remaining 35 per cent. It is in the Tete Province of Mozambique and has identified coal resources of 4 billion tonnes and a coal reserve of 502 million tonnes.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). Rio Tinto to De-List Riversdale Mining. AZoMining. Retrieved on February 01, 2026 from https://www.azomining.com/News.aspx?newsID=4028.
MLA
Scanlon, Joel. "Rio Tinto to De-List Riversdale Mining". AZoMining. 01 February 2026. <https://www.azomining.com/News.aspx?newsID=4028>.
Chicago
Scanlon, Joel. "Rio Tinto to De-List Riversdale Mining". AZoMining. https://www.azomining.com/News.aspx?newsID=4028. (accessed February 01, 2026).
Harvard
Scanlon, Joel. 2019. Rio Tinto to De-List Riversdale Mining. AZoMining, viewed 01 February 2026, https://www.azomining.com/News.aspx?newsID=4028.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.