🕐24.02.10 - 10:29 Uhr

Riversdale Mining Limited [RIV] - HALF YEAR RESULTS TO 31 DECEMBER 2009



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Riversdale Mining Limited [RIV] - HALF YEAR RESULTS TO 31 DECEMBER 2009

19 February 2010 Financial result for the half year

Riversdale Mining Limited (ASX: RIV) reported a net loss after tax and minority interest for the half year to 31 December 2009 amounting to $4.2 million (2008: Profit $80,000).

The loss was due to lower interest income, lower coal production and higher mining costs at Zululand Anthracite Colliery.

Zululand Anthracite Colliery (�ZAC�) operating profit before income tax and minority interests in the current half year was $4.0 million, compared with $9.6 million in 2008.

The Company has a strong cash position, with cash on hand of $258.3 million at the end of December 2009, compared to $290.3 million at 30 June 2009.

Funds are placed on deposit in accordance with the Board-approved policy with AA-rated Australian and international banks.

Operating cash flow was positive during the half year at $4.1 million (2008: $18.4 million).

For further information please refer to the attached press release or contact:

Steve Mallyon, Managing Director
Niall Lenahan, Chief Financial Officer
Ph: +612 8299 7900

Media: Fortbridge
Bill Kemmery Ph: +612 9331 0655
Mob: +61 400 122 449


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