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  • Tata Steel margins under pressure, in talks with Rio Feb 16, 2011 08:18 AM IST

    Tata Steel margins under pressure, in talks with Rio

    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.

  • Tata Steel sees good Europe demand, but at lower margins Feb 15, 2011 09:39 PM IST

    Tata Steel sees good Europe demand, but at lower margins

    Talking on the global demand avenues for steel, the company sees rising demand in Europe, which would fall between 3%- 5% this year.

  • Rio Tinto payout tops estimates, unveils $5 bn buyback Feb 10, 2011 06:54 PM IST

    Rio Tinto payout tops estimates, unveils $5 bn buyback

    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.

  • Rio Tinto extends Riversdale bid as stalemate looms Feb 10, 2011 08:10 AM IST

    Rio Tinto extends Riversdale bid as stalemate looms

    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.

  • Steel Index adds two new iron ore reference prices Feb 02, 2011 10:02 AM IST

    Steel Index adds two new iron ore reference prices

    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.

  • SAIL board meeting next week for FPO: Chairman Jan 28, 2011 09:28 AM IST

    SAIL board meeting next week for FPO: Chairman

    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.

  • Rio Tinto wins Riversdale board support for $3.9 bn bid Jan 24, 2011 04:13 PM IST

    Rio Tinto wins Riversdale board support for $3.9 bn bid

    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.

  • Riversdale board unanimously backs Rio Tinto's $3.9 bn bid Jan 24, 2011 08:51 AM IST

    Riversdale board unanimously backs Rio Tinto's $3.9 bn bid

    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.

  • Tata Steel says will hold on to Riversdale Jan 14, 2011 11:48 AM IST

    Tata Steel says will hold on to Riversdale

    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.

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