TATA STEEL FORMS VENTURE FOR MOZAMBIOUE COAL TO ACQUIRE 35 p.c. IN RIVERS DALE PROJECTS FOR 100 MILLION AUSTRILIA DOLLARS

摘要

SSYDNEY: Tata Steel on Friday signed a joint venture with Australia's 'Rivers dale Mining to develop a hard coking and thermal coal project in Mozambique, company officials said. Tata Steel is to pay around 100 million Australian dollars (88 million dollars) to acquire 35 per cent of Riversdale's Benga and Tete licences in the southern African country, which is developing Into a region of increasing significance for coal.