Richards Bay Minerals announces R4.5bn BEE deal

December 11, 2008

Richards Bay Minerals (RBM) has announced a definitive binding agreement for a 26% broad-based black economic empowerment (BBBEE) transaction valued at about 4.5 billion rand.

RMB is the titanium oxide joint venture between BHP Billiton (BIL) and Rio Tinto.

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