Feb 16, 2011 08:18 AM IST
Tata Steel said its margins would remain under pressure due to rising raw material prices, adding that it was in talks with Rio Tinto to ensure coal supplies from Africa-focused miner Riversdale.
- Feb 15, 2011 09:39 PM IST
Talking on the global demand avenues for steel, the company sees rising demand in Europe, which would fall between 3%- 5% this year.
- Feb 10, 2011 06:54 PM IST
Rio Tinto surprised investors by more than doubling its full-year dividend and promising to return USD 5 billion to shareholders over the next two years to soak up bumper cashflows after it reported a record second-half profit.
- Feb 10, 2011 08:10 AM IST
Global miner Rio Tinto has extended its USD 3.9 billion takeover offer for Mozambique-focused coal miner Riversdale Mining to March 4, amid signs that Riversdale's second-biggest shareholder was holding up a deal.
- Feb 02, 2011 10:02 AM IST
Data provider Steel Index said on Wednesday it has launched two more reference prices for iron ore that reflect specific grades of the raw material to aid long-term contract pricing.
- Jan 28, 2011 09:28 AM IST
The board of the Steel Authority of India (SAIL) will be meeting next week to decide on the follow-on public offering (FPO). The FPO expected to roll out by next month. It is now at the attorney general's office from which the public sector steel company has sought his opinion on the issue of merchant bankers.
- Jan 24, 2011 04:13 PM IST
Rio Tinto's USD 3.9 billion bid for Africa-focused coal miner Riversdale gained steam on Monday after a representative of Riversdale's top shareholder Tata Steel backed the offer.
- Jan 24, 2011 08:51 AM IST
The board of Africa-focused coal miner Riversdale, including a representative from top shareholder Tata Steel, unanimously backed a USD 3.9 billion takeover offer from Rio Tinto, Riversdale said on Monday.
- Jan 14, 2011 11:48 AM IST
Tata Steel, the world's seventh-largest steel maker, said on Friday that it would hold on to its shares in Australian miner Riversdale, calling it a strategic stake.