Passport Capital
| Passport Capital | |
|---|---|
| Based in | United States |
| Active in | Mozambique |
| Targeted | energy fuels |
In December 2010, Rio Tinto made an unsolicited US$3.5 billion offer to take over Riversdale, thus potentially triggering a "bidding war" with other coal producers - Peabody Energy, Vale, Xtsrata and Tata itself being mentioned as likely to consider making a competing bid, either outright, or by seeking a joint venture [Reuters, 6 December 2010].
The Riversdale concessions are believed to be among the most significant anywhere in the world, especially in regard to their suitabilty as coking coal, for use in smelting steel.
