Rio Tinto is mulling a $3.5bn takeover of a rival Australian mining firm as it eyes a land grab in Africa.
The UK and Australian mining giant has held discussions with Sydney-based Riversdale Mining but no concrete deal is as yet on the table.
Numerous Australian media reports indicated that the pair was in talks about a takeover deal, forcing Riversdale to confirm the discussions on Monday through an announcement to the Australian Stock Exchange.
“The
