« Rio gives BHP sale option over S.African JV | Main | Gautrain BEE shareholder secures contracts »
December 12, 2008
Richards Bay Minerals inks R4.5bn BEE deal
Johannesburg - Empowerment deals signed at Richards Bay Minerals (RBM) yesterday valued the heavy minerals producer at about R17.3 billion.
RBM, a 50-50 joint venture between Rio Tinto and BHP Billiton, said yesterday seven black economic empowerment (BEE) groups, communities and employees had bought a 26 percent stake in RBM for R4.5 billion.
Read More
Posted by StaffWriter at December 12, 2008 7:24 AM