HomeEnergy MineralsZambeze coal resource estimated at 9 billion tonnes

Zambeze coal resource estimated at 9 billion tonnes

Drill team at work
on Riversdale’s
Mozambique project
Sydney, Australia — MININGREVIEW.COM — 29 September 2010 – ASX-listed Riversdale Mining Limited “’ a company focused on developing as a diversified mining finance house with Southern African interests “’ says it estimates the coal resource at its Zambeze project in Mozambique at 9 billion metric tonnes.

“Zambeze’s high coke strength, combined with its massive 9 billion tonne coal resource, confirms the project’s potential to be a tier 1 hard coking coal operation,” managing director Steve Mallyon said in a statement issued here.

He added that initial production from the project should start in 2014.

Brazilian mining giant VALE and Riversdale are concession-holders of the two major mining projects in Mozambique, which are valued at US$3 billion (R22 billion).