An important quarter for Riversdale Mining April 29, 2009

Riversdale Mining (ASX: RIV) has released today its Quarterly Report for the period ending 31 March 2009.

Highlights of the quarter:

Mining Contract Approved

• Riversdale Mining has received approval from the Government of the Republic of Mozambique for the Mining Contract for the Benga Coal Project in Mozambique.
• The terms of the Mining Contract have been agreed by the Council of Ministers of the Government of Mozambique and Riversdale Mining has received a Decree signed by the Prime Minister (Decree # 17/2009).
• The Decree approves the Mining Contract and its terms and conditions and delegates authority to the Minister of Mineral Resources to execute and implement the Mining Contract.
• The approval and execution of the Mining Contract is in conjunction with the issuance by the Government of the Mining Concession.

Benga Mine Development

• Environmental data collection has been completed and the environmental impact study is being translated into Portuguese for submission to the Mozambique Government.
• Discussions are continuing with Government agencies for access to infrastructure to Sena rail line and Beira port.
• The Feasibility Study is now being finalised in the June quarter following the approval of the Mining Contract.

Exploration in Mozambique

• An updated Coal Resource estimate in the Benga tenement supports the development of the Benga Coal Project:
- The total Coal Resource has increased 90% to 4.0 billion tonnes
- The Resource comprises 1,034 Mt of Measured and Indicated Resources of which 893 Mt are under 500m depth.
• An initial Coal reserve of 273 Mt has been estimated.
• Coal quality results indicate that Benga coking coals will be of premium hard coking quality.
• Drilling at Benga continues to delineate the resource to facilitate mine planning and development.
• Initial findings in EL 946L are very encouraging, confirming the presence of the same seams encountered in Benga, but over a much larger area.
• Reconnaissance exploration drilling is planned for all tenements during 2009.
• Combined tenement area exceeds 250,000 hectares and positions the Company as one of the largest tenement holders in the Tete – Moatize coal basin.

Zululand Anthracite Colliery (ZAC)

• ROM production for the March quarter was 177,401 tonnes, a decrease of 40,252 tonnes for the same quarter last year.
• Saleable production for the March quarter was 174,084 tonnes. This is a decrease of 14,362 tonnes for the same quarter last year.
• Product sales for the March quarter were 136,974 tonnes, of which export sales contributed 47%.
• The Ngwabe Project is progressing well.
• Market conditions are difficult in South Africa and alternative export markets are being evaluated.

Corporate

• Cash on hand was A$313.3 million at 31 March 2009.
• Gary Lawler was appointed as a Non-Executive director during the quarter.

Click here to view the full report.

For further information:

Michael O’Keeffe
Executive Chairman
Ph: +612 8299 7900

Steve Mallyon
Managing Director
Ph: +612 8299 7900

Niall Lenahan
Finance Director
Ph: +612 8299 7900

or

Media: Fortbridge
Bill Kemmery
Ph: +612 9331 0655
Mob: +61 400 122 449
Email: bill.kemmery@fortbridge.com