ICVL May Consider Buying Stake in Riversdale Mining

Bloomberg.com reports that ICVL is looking at buying a stake in Riversdale Mining (ASX:RIV).

The story is quoted as saying:

The venture may not be interested in making a counter offer to Rio Tinto Group’s A$3.9 billion ($3.9 billion) bid for the Australian mineral explorer and producer, Som said in an interview with the news channel. NMDC, India’s largest iron ore producer, owns a 14 percent stake in International Coal.

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