Mozambique Coal Project
Published: 18 December, 2007
Tata Steel Limited and Riversdale Mining Limited, a company listed in Australian Stock Exchange have entered into a Memorandum of Understanding whereby Tata Steel will become a strategic investor in Riversdale's Mozambique Coal Project by acquiring a 35% stake in it for a sum of A$100 million. The Mozambique Coal Project includes the coal tenements of premium hard coking coal in Benga and Tete, located in the Tete province in Mozambique, which are fully owned by Riversdale through its subsidiary.