rio extends offer, page-6

There is one other scenerio of interest:

CSN and TATA block the RIO bid, so RIO can't get hold of the massive coal reserves. T/O collapses; RIV board go back to the Chinese and return to the MOU which includes bringing in Chinese infra. companies to handle transport logistics and port developments.

The key to RIV has always ben the massive infra that needs to be developed to bring to port 20Mts of coking coal. Only the likes of a RIO or Chinese could pull that off.


Cheers, Skip