Renco is in advanced negotiations to buy RJB Mining for an estimated £110m.
The US industrial conglomerate could be attracted to both RJBs coal mines and its land banks.
RJB owns 20,235ha (50,000 acres) in Britain which could be partly developed for residential and industrial use.
The land is valued at about £60m but could be worth up to £75m when a revaluation is announced with the companys financial results.
Financial Times 14/08/00 page 19
The Daily Telegraph 14/08/00 page 24 (The City Checklist), page 25
The Times 14/08/00 page 21 (What The Sunday Papers Say), page 24
The Guardian 14/08/00 page 20
The Independent 14/08/00 page 12, page 15 (What The Sunday Business Papers Said)
