announcement out , page-77

Zmans,

I found this article in The Economic Times dated 7th March 2010:


NMDC consortium pitches for $230-mn buyout of Aussie mine
PTI Mar 7, 2010, 11.53am IST
Tags:
NMDC|mining|buy out|Australian company
NEW DELHI: As part of its overseas expansion plans, state-run miner NMDC along with two other companies has submitted a USD 230-million non-binding bid to buy 70 per cent stake in an Australian mine owned by Perth-based Atlas Iron.

"A non-binding bid of USD 230 million has been given to the Australian firm for acquiring 70 per cent stake in one of its mines by a consortium comprising NMDC, Saudi Arabia's ABS Consulting and Australia-based Boulder Steel," a person in the know of the development said.

According to the indicative bid, state-owned NMDC will take 15 per cent stake in the mine, possibly the Ridley mines at Pardoo, while Boulder Steel will pick up five per cent share holding whereas ABS Consulting will have 55 per cent equity of the mining project, which has an estimated reserves of about 2 billion tonnes.

http://articles.economictimes.indiatimes.com/2010-03-07/news/27568243_1_australian-mine-nmdc-chairman-boulder-steel

Could we be talking about Atlas's Ridley mine???