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INDIA'S TATA STEEL SIGNS PACT WITH AUSTRALIA'S RIVERSDALE MINING.
NEW DELHI, Dec 3 Asia Pulse - Tata Steel (BSE:500470) on Thursday said it has signed a "definitive agreement" with Australia-based Riversdale Mining (ASX:RIV) to jointly develop a coal project in Mozambique saying coal sourced from it would be mainly used for its Corus plant.
"The coal sourced from the project would be used in Corus plant," Tata Steel Group CFO Koushik Chatterjee said in a tele-conference.
He pointed out that a feasibility study was on to ascertain the total reserve of the mine and on its completion, the companies could make realistic financial projections.
Tata Steel would pay around $A100 million ($US88.28 million) to acquire a 35-per cent stake in the project, apart from a 40-per cent share of the off-take of coking coal, he said.
"Tata Steel is keen to ensure its raw material security and would scout for opportunities ...
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Byline: kusumv03 Riversdale Mining has made good progress in advancing the Company s prospective Benga Power Project in Mozambique. The development of the Riversdale...
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...New Delhi, Aug 3 (PTI) Tata Steel today signed an accord with Riversdale (rpt) Riversdale Mining Ltd to acquire 35 per cent...about Rs 345 crore). "Tata Steel and Riversdale Mining Ltd, listed on Australian...
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...project New Delhi, Aug 3 (PTI) Tata Steel, the world's sixth- largest...about Rs 345 crore). "Tata Steel and Riversdale Mining Ltd, listed on the Australian...million Australian dollars," a Tata Steel spokesperson told PTI. This...
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Byline: pinto03 Tata Steel and Riversdale Mining, Australia, are likely to invest...development is to be funded by Tata Steel and Riversdale in their respective...any other alternative means. Tata Steel owns 19.38 per cent stake in...
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- News wire article from: PTI - The Press Trust of India Ltd. July 15, 2009 700+ words
...Stock Exchange, Riversdale Mining said it has completed...venture partner (Tata Steel) for its comments...mining contract to Tata Steel JV for the Benga...May. In 2007, Tata Steel had signed an accord with Riversdale Mining to acquire 35...