Rocklands in halt on a new takeover bid

Shares in Rocklands Richfields have been placed in a trading halt as the South Perth-based company receives another takeover offer.

The company said it expects to make an announcement regarding the offer by the start of trade on Thursday.

The trading halt comes two weeks after Indian company Essar Mineral Resources withdrew its $144 million offer, leaving fellow Indian company Jindal Steel and Power's $121 million offer as the only one of the table.

Rocklands, a coke producer and coal explorer, has since been trying to find out Essar's reason for the withdrawal.

Rocklands shares last traded at 34 cents each.