Rio Tinto still short of shares

Global miner Rio Tinto remains short of its target of holding more than 50 per cent of shares in Riversdale Mining , ahead of a deadline this evening on its A$3.9bn (£2.5bn) takeover offer for the Mozambique-focused coal miner. It had reached just under 40 per cent as of this morning, Rio Tinto said, with still no word on whether Riversdale’s two biggest shareholders, India's Tata Steel and Brazil's CSN , would sell any of their shares.