🕐18.05.10 - 06:57 Uhr

Riversdale Mining [ASX: RIV] - Increase in Coal Reserves and Resources and confi
rmation of coal quality at Benga Coal Mine, Mozambique



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Riversdale Mining [ASX: RIV] - Increase in Coal Reserves and Resources and confirmation of coal quality at Benga Coal Mine, Mozambique

Riversdale Mining Limited (ASX: RIV) and its partner Tata Steel Limited announce an 84% increase in Coal Reserves for the Benga Coal Mine in Mozambique and an upgrade in Coal Resources.

Recent tests confirm the quality of the project�s hard coking coal products and a study to fast-track development of a 20 Mtpa ROM (Run of Mine) per year operation has been initiated.

� 84% increase in Coal Reserves to 502 million tonnes
� Measured Coal Resources increased by 126% to 710 million tonnes
� Industry confirmation of quality of coking coal products
� Decision to fast-track Feasibility Study for 20 Mtpa ROM

The Executive Chairman of Riversdale Mining, Mr Michael O�Keeffe, said today �The Coal Reserve increase will facilitate the early development of Benga as a significant source of hard coking coal.

At an annual rate of 20 million tonnes ROM, Benga Coal Mine can produce 10 million tonnes of export quality thermal and coking coal annually, as well as sufficient domestic quality thermal coal to supply the planned development of the 500 MW Benga Power station.�

The Managing Director of Tata Steel, Mr H M Nerurkar, said that the significant increase in the Coal Reserves has impacted positively on the potential for the Benga Coal Mine to develop into a project of global significance.

�The Benga Coal Mine has the potential to be a major producer of premium coking coal products for global markets, including India.

The material increase in the project�s Coal Reserves will support a Feasibility Study for a 20 million tonne ROM per year project,� Mr Nerurkar said.

For more details, including a table on Bengas Coal Reserves and Coal Resources, and a table on Bengas Premium Hard Coking Coal Quality, please refer to the attached announcement.

For further information, please contact:

Michael O�Keeffe
Executive Chairman
Ph: +612 8299 7900

Steve Mallyon
Managing Director
Ph: +612 8299 7900

Niall Lenahan
Chief Financial Officer
Ph: +612 8299 7900

or

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



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