Mining company, Rio Tinto, has boosted its stake in Australian coal miner, Riversdale Mining, The Wall Street Journal reports. Brazilian steel producer, Companhia Siderurgica Nacional (CSN), has sold its entire 19.4% stake for about $830 million to Rio Tinto, adds Reuters. CSN offered about 47.29 million Riversdale shares at a price of $17.7 each. Rio Tinto will now hold a 72% interest in the mining company.
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