This looks like Tata will potentially provide funding for the projects development. I would expect these guys together
to turn this into one of the largest coal mines in the southern Hemisphere. The coal is there and Corus/Tata needs plenty of the stuff.
The MOU contemplates the relationship between Riversdale and Tata Steel to develop the project. Riversdale is presently conducting a scoping study which is likely to be completed in August 2007.
The hard coking coal derived from this project will be supplied to the Corus facilities in the UK and Europe and also to the Company's enhanced requirement in India in the future.
You can't tell me these guys are not serious about turning this into a monster.
This looks like Tata will potentially provide funding for the...
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