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MINER'S RIGHT
Re-birth of Riversdale (don't tell Rio Tinto)
Riversdale is not a word heard often in the head office of Rio Tinto because it ranks as one of the big miner’s biggest bloopers but, for investors with an eye for a good small company revival story, Riversdale is hard to beat.
Coal in Mozambique has been a rich playing field for juniors but not so much for Rio Tino (image: KPMG)
For non-students of corporate history, Riversdale Mining was a coal company acquired by Rio Tinto in 2011 for a handsome US$3.9 billion because it appeared to have valuable coal assets in Mozambique, and...
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