Indian steelmaker Tata Steel said it is keeping an open mind over mining giant Rio Tinto's takeover push for Riversdale Mining Ltd, according to The Australian newspaper.
According to the report, Tata vice-chairman, B. Muthuraman said the Indian firm was happy with the deal as long as its investment goals are met.
"We are a strategic investor, and we want coal for our own use, and we want that coal for an economical advantage," Mr Muthuraman said, according to The Australian.
"As long as these objectives are met, we'll be happy to talk to anybody."
Tata, the world's seventh-largest steel maker, said last week that it would hold on to its shares in Riversdale, calling it a strategic stake.
Riversdale, an Africa-focused coal miner, is facing a $3.9 billion bid from Rio Tinto Ltd in an agreed deal as it seeks to secure coking coal reserves sought after by steelmakers.
Australia accounts for about two-thirds of global coking coal trade and Queensland produces roughly 90 per cent of Australia's share.
豫公网安备41010502003434号