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Article: RIO TINTO ANNOUNCES HUGE COAL DISCOVERY IN SOUTH AFRICA.
- Article from:
- AsiaPulse News
- Article date:
- February 6, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Feb 6 Asia Pulse - Takeover target Rio Tinto Ltd (ASX:RIO) Tuesday announced a coal discovery in South Africa of just over one billion tonnes, a day before rival BHP Billiton (ASX:BHP) is expected to make a formal takeover bid for the mining conglomerate.
"Rio Tinto has further strengthened its presence in South Africa with the discovery of an open-pittable coal resource of 1.04 billion tonnes in the Limpopo ...