CAPITAL MARKETS

Riversdale posts loss as work ramps up

RIO Tinto has extended its $A3.9 billion cash takeover offer for Riversdale Mining by two weeks, while the African miner has reported a post-tax net loss of $11.5 million for the December half as it advanced mine development and exploration in Mozambique.

Blair Price
Riversdale posts loss as work ramps up

The result more than doubled the $4.1 million net loss made in the corresponding period of 2009 as costs racked up from development, exploration, share issues and foreign exchange losses. Overburden...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.