Maputo, Mozambique — MININGREVIEW.COM — 13 October 2009 – Riversdale Mining “’ a developing mining finance house listed on the Australian Stock Exchange “’ estimates that the coal resource at its Zambeze project in Mozambique will amount to at least 1.7 billion tonnes.
The company has other coal projects in Mozambique and South Africa. It is already developing the Benga coal project in Mozambique which will include a hard coking and a thermal coal mine.
Chairman Michael O’Keeffe said the coal at Zambeze was similar to that found at Benga, but added that the project had the potential to be a significantly larger scale operation. “A second coking coal project of this size positions Riversdale Mining as a preferred supplier to the steel industry in the rapidly developing markets of Brazil and India,” he said in a statement here.
Zambeze is also located in the Moatize Basin in the northwestern part of Mozambique, adjacent to the Benga project. Riversdale said it expected to submit an environmental impact assessment to the government in the second half of 2010. It would also conduct coal quality studies to determine the feasibility of large-scale open pit development at the site.
In its first phase, Benga is expected to produce 1.7 million tonnes of hard coking coal per year and 0.3 million tonnes of export thermal coal, with production expected to start in early 2011. Exports will start in the second quarter of that year.