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July 29, 2008

Richards Bay Minerals goes BEE

Richards Bay Minerals -- a 50/50 joint venture between Rio Tinto and BHP Billiton -- announced its broad-based black economic empowerment equity (BBBEE) transaction on Tuesday.

Sources close to the deal told Sapa that it was worth R5-billion.

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Posted by StaffWriter at July 29, 2008 1:34 PM