Rio Tinto (RIO) extends its sweetened $3.9B bid for Riversdale Mining (RFLMF.PK) by another...

|About: Riversdale Mining (RFLMF)|By:, SA News Editor

Rio Tinto (RIO) extends its sweetened $3.9B bid for Riversdale Mining (RFLMF.PK) by another three days, as it tries to woo reluctant shareholders. Rio needs 50% of shareholders to accept its A$16.50/share offer; so far it has 35%. Separately, sources say RIO is planning a push into Russian diamond mining and considering a tie-up with state-owned miner Alrosa.