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 projects 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 OKeeffe, 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 projects 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 OKeeffe 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 Fortbridge.NET is a specialist web-based service for clients ("Issuer") of Fortbridge Consulting Pty Ltd. DISCLAIMER: The message and attachment issued with this email may contain "forward-looking statements", which are projections that reflect the Issuer`s reasonable beliefs based on information currently available. Fortbridge is a Public Relations consultancy. PRIVACY: You have been regarded as a relevant contact through research. Please consider the environment before printing this document.
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