News Articles for Riversdale Mining

Australia's corporate watchdog has commenced legal proceedings against Rio Tinto and two former executives over its disastrous $US4 billion foray into Mozambique coal, 17 months after regulators in the UK and US took action on the same matter.

Rio Tinto has sold its Rio Tinto Coal Mozambique subsidiary, including the major assets acquired in its $3.9 billion purchase of Riversdale Mining in 2011, for just $US50 million.

Gilbert George has been around the minerals exploration block a couple more times than many and has the resume to prove it.

Patersons Securities has retained top spot in WA Business News' annual survey of capital raisings, followed by Hartleys, Euroz Securities and Macquarie Capital Advisers.

Mining giant Rio Tinto has secured the backing of a majority of Riversdale Mining's directors for a takeover offer that values the Africa-focused coal miner at $3.9 billion.

Como-based Aquila Resources Ltd will sell its Mozambique coal exploration tenements to Sydney-based Riversdale Mining Ltd in a cash and scrip deal worth around $60 million.

Advises that 281,579 Ordinary fully paid shares will be released from escrow on 3 September 2006.

Is currently in negotiations with two independent private companies in respect of the acquisition of a 100% interest in tenements in a coal province in Southern Africa

Riversdale Mining Ltd 26-Aug-05 Linq Group Ltd increased its substantial shareholding from 2,820,000 ordinary shares (7.68%) to 8,170,950 ordinary shares (9.24%)

Lodged response to ASX query.