Rio Tinto PLC (RIO) said Tuesday it will buy Brazilian steel producer Cia. Siderurgica Nacional's (SID) stake in Riversdale Mining Ltd. (RIV.AU), taking its interest in the Africa-focused coal company to more than 72%.

Rio in a statement said CSN has accepted the takeover offer for Riversdale and has tendered its entire 19.35% shareholding.

The offer period has been extended nine days to April 29, it said.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com
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