Benga Coal Project
Sydney, April 29, 2009 AEST (ABN Newswire) - Riversdale Mining Limited (ASX:RIV) is pleased to advise that the Company has today received approval from the Government of the Republic of Mozambique for the Mining Contract for the Benga Coal Project in Mozambique.
The granting of the Mining Contract represents a significant event as the Company moves towards commencement of the Benga Coal Project. The project will involve Riversdale Mining progressively developing a 20 Million tonnes (Run of Mine) per annum hard coking and thermal coal mine at Benga in the Moatize area, with an estimated capital investment of more than US$ 800 million.
The Executive Chairman of Riversdale Mining, Mr Michael O'Keeffe, said: "This is an outstanding achievement and is the outcome of years of hard work by our management and staff on the ground in Mozambique. We have invested significantly in this project, and we are delighted to have received endorsement through this approval".
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Riversdale Mining Limited