Riversdale Mining Ltd. (RIV.AU) said that it expects to make an announcement about a possible change of control transaction later Friday.

Riversdale said it was unable to make an announcement by Friday morning as planned because one condition that the proposed buyer wants met before the advance is made public hasn't been satisfied.

The condition is expected to be satisfied by 0300 GMT, Riversdale said.

The coking coal company went into a trading halt Tuesday following takeover talks with Rio Tinto Ltd. (RIO).

Riversdale, which has 13 billion tons of coal resources at its Benga and Zambeze projects in Mozambique, announced earlier this month that it had been in talks with Rio Tinto about a takeover with an indicative price of A$15 a share.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com
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