todays australian

MINING WEEK: Sarah-Jane Tasker | September 08, 2008


RIVERSDALE Mining (RIV) has announced two significant developments at its hard coking and thermal coal project in Mozambique and it has formed an international advisory board to oversee the next stage of the coal project's development.

Coinciding with the appointment of the board, Riversdale has finalised the Mozambique coal project mining study, which was lodged last week with the Mozambique Government in support of its application for a mining contract to advance its highly prospective Benga licence. The mining study is based on a planned 20 million tonnes a year at the Benga mine, and the company is predicting the prime hard coking coal from Benga will be among the world's cheapest coking coal. Shares in the company closed last week at $8.75

http://www.theaustralian.news.com.au/story/0,25197,24308927-5005200,00.html