Rio Tinto PLC (RIO), the miner, Tuesday said it has assumed control of the Riversdale Mining Ltd. (RIV.AU) board with the appointment of two new directors, with current Energy chief executive Doug Ritchie appointed Chairman of Riversdale.

MAIN FACTS:

-Rio Tinto Coal Australia chief operating officer Darren Yeates and Rio Tinto Energy vice president human resources Rosemary Fagen, were Tuesday appointed to the Riversdale Board.

-The appointments give Rio Tinto five directors on the nine-member Board.

-Rio Tinto now holds a relevant interest in more than 73 per cent of Riversdale shares.

-Shares closed Thursday at 4360 pence valuing the company at GBP65.81 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com
Riversdale Mining (ASX:RIV)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Riversdale Mining Charts.
Riversdale Mining (ASX:RIV)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Riversdale Mining Charts.