RBM seals deal on empowerment

December 10, 2009

RICHARDS Bay Minerals, a joint venture between mining giants BHP Billiton and Rio Tinto, yesterday announced the completion of its long-awaited 4,5bn black economic empowerment deal with KwaZulu-Natal consortium Blue Horison as it seeks to boost its chances of gaining new-order mining rights.

RBM, the world's largest titanium producer, has submitted its mining conversion application to the Department of Mineral Resources and it is being assessed.

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