A well-known mining corporation Rio Tinto has extended an offer to buy the coal company Riversdale Mining for three days. It is reported by Reuters. In particular, if the owners of more than 50% stake in coal mining group will offer up to 28 March, the shareholders will receive 16.5 Australian dollars per share. Otherwise, the resource giant returns to its original proposal of 16 Australian dollars per share, and it was extended until April 6. Recall that Rio Tinto has recently increased the amount of proposals for coal-mining concern Riversdale Mining at 3%, to 16.5 Australian dollars per share. In addition, Rio for a third time extended the offer period until April 1. It is expected that this will help the commodities giant to get support of institutional investors Riversdale. "Rio Tinto Group" engaged in the exploration, extraction and processing of mineral resources, mainly aluminum, copper, diamonds, coal, uranium, gold, industrial minerals and iron ore. The company operates worldwide, but the main activity is concentrated in Australia and North America. Group consists of two operating companies - "Rio Tinto Limited" and "Rio Tinto Plc". Ministry of Industry
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