Riversdale Mining Says JV With Tata To Buy All Of Benga Power Plant
06 Januar 2011 - 3:28AM
Dow Jones News
Riversdale Mining Ltd. (RIV.AU) said Thursday that its joint
venture vehicle has agreed to buy 50% of the Benga power plant in
Mozambique from Elgas SARL. The financial details weren't
disclosed.
The joint venture with India's Tata will move to full ownership
of the plant, which is scheduled to deliver power in 2013-2014,
Riversdale Mining said in a statement.
Riversdale owns 65% of the joint venture and Tata owns 35%.
-By Sydney bureau; 61-2-8272-4680;
djnews.sydney@dowjones.com
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