CSN increases stake in Riversdale

Brazilian Metallurgical Corporation "Companhia Siderurgica Nacional" has increased its stake in Australian mining holding company Riversdale Mining up to 19,9%. It is reported by Reuters. CSN is now the second largest shareholder Riversdale after the Indian steel group Tata Steel. As you know, a Brazilian company recently increased its stake in Australian corporations with 16.29% to 17.58%. Previously reported that the "Companhia Siderurgica Nacional" was wondering about the acquisition of additional stake in steel company Usiminas. "The company evaluates strategic alternatives for investment in Usiminas, including the possible acquisition of additional participation," - said in a holding company. Recall that the first CSN bought a 4.99% stake in Usiminas and subsequently increased it to 5.03%. "Companhia Siderurgical Nacional" - Brazilian metals company full circle with the largest independent steel producer in Brazil. The company produces flat steel products in the amount of 5 million tons per year. Ministry of Industry