Huntleys' Stock of the Week
Marketplace
Riversdale Mining Reports Benga Project Development Approval
Wednesday October 28, 2009, 10:53 am

Original Announcement: Benga Project Development Approval

Riversdale Mining and Tata Steel announced the approval of Stage 1 of the Benga Coal Project in the Tete Province of Mozambique. Following the review of the Feasibility Study by project partners Riversdale Mining (65%) and Tata Steel (35%), the project was approved by the JV company responsible for the Benga Coal Project. The project approval involves the commitment of US$270m (excluding working capital) to undertake the initial Stage 1 development of the Benga Coal Project. Stage 1 entails initial production of 5.3m ROM tonnes per year to produce approximately 1.7Mtpa of high quality hard coking coal and 0.3Mtpa of export thermal coal.

More information about RIV.AX
  •   

    • Copyright © 2010 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help