Rio in Talks to Buy Riversdale Mining for $3.1 Billion, Telegraph Reports

Rio Tinto Plc is in talks to buy Riversdale Mining Ltd. for about A$15 a share, the London-based Daily Telegraph said, citing unidentified people familiar with the matter.

A deal to buy Australia-listed Riversdale, which has coal- mining projects in Africa, isn’t certain to be completed, the newspaper said.

Karen Halbert, a spokeswoman for Rio in Australia, said the company doesn’t comment on market speculation. Bill Kemmery, a spokesman for Riversdale at Sydney-based Fortbridge Consulting, declined to comment. Rio Tinto spokesman Tony Shaffer in London also said the company doesn’t comment on speculation.

Riversdale shares closed at A$14.10 on Dec. 3 in Sydney.

To contact the editor responsible for this story: Angus Whitley at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.