CSN accepts Rio Tinto offer for Riversdale
Rio Tinto Jersey Holdings 2010 Limited (RTJ), a wholly-owned subsidiary of the Rio Tinto Group, has received acceptances to its takeover offer (Offer) for Riversdale Mining Limited (Riversdale) from CSN Europe Lda (CSN) in respect of CSN's entire 19.35 per cent shareholding in Riversdale. Rio Tinto has now obtained an interest in more than 72 per cent of all the shares in Riversdale.
In addition, the Offer period has been extended by nine days to end at 7.00pm (Sydney time) on Friday 29 April 2011, unless extended further.
The handling fee described in RTJ's Third Supplementary Bidder's Statement will apply throughout the extended Offer period. RTJ may extend the period during which the handling fee will apply by further announcement to the Australian Securities Exchange.
The following documents were today submitted to the Australian Securities Exchange:
• a notice under section 650D of the Corporations Act regarding the extension to the Offer period; and
• a letter to Riversdale shareholders.
• a letter to Riversdale shareholders.
The Offer will close at 7.00pm (Sydney time) on 29 April 2011, unless extended.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
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