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Home Steel News Rio Tinto in talks to acquire Riversdale Mining shares from CSN
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Rio Tinto in talks to acquire Riversdale Mining shares from CSN

29 Mar 2011 14:43 reported by Ellen Huang

A A A
Reportedly, Rio Tinto attempted to invest AUD 3.9 billion to acquire shares of Riversdale Mining from Brazil’s Companhia Siderurgica Nacional (CSN), which owns 19.9% of shares.

Rio Tinto confirmed that the company is in talks with a major shareholder after Riversdale Mining halted its shares from trading in Sydney.

Rio Tinto's lawyer said in a letter released to the Australian stock exchange on Tuesday that the company believed that a result of those discussions would be concluded during the course in this morning.

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