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July 29, 2008

Richards Bay Minerals announces BBBEE transaction

Richards Bay Minerals ("RBM") a 50/50 joint venture between Rio Tinto and BHP Billiton today announced the signing of a Memorandum of Understanding ("MoU") for its 26% broad-based black economic empowerment equity ("BBBEE") Transaction.

An extensive BBBEE partner selection process conducted during 2007, facilitated by Rand Merchant Bank has been concluded.

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Posted by StaffWriter at July 29, 2008 11:29 AM