Announcement

Thursday, January 27, 2011

ICVL decides not counter bid for Riversdale Mining

Reuters reported that Indian state owned consortium International Coal Videsh Limited has decided not to counter Rio Tinto's AUD 3.9 billion bid for Australian miner Riversdale Mining.

ICVL, which had earlier said it would consider a bid and had hired Citigroup to do due diligence on the

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