Riversdale releases Quarterly Activities Report October 28, 2009

Riversdale Mining (ASX: RIV) has released its Quarterly Activities Report for the period ending 30 September 2009.

HIGHLIGHTS

Benga Coal Project (Riversdale 65%):

• Riversdale and Tata Steel have approved development of Stage 1 at a cost of US$270 million.
• Development is based on a Feasibility Study which has been completed by the joint venture parties.
• The EIA study is currently being reviewed by Government and approval is expected in this quarter.
• Access to Rail and Port is being negotiated and the feasibility of barging on the Zambezi is being evaluated.

Benga Power Plant:

• A Framework Agreement for the development of a power plant near Benga Coal Project has been signed with Government.
• Riversdale has received confirmation of access to the existing Mozambique power transmission network.
• The Benga Coal Project will supply thermal coal to the power plant.
• Completion is expected during 2013.

Zambeze Project Coal Resource EPL946L (Riversdale 100%):

• Drilling on EPL946L delivers an Indicated Coal Resource of 1.70 billion tonnes.
• This represents a second project for Riversdale and adds to the existing 4.0 billion tonne Coal Resource on the 65% owned Benga Coal Project.
• Products comprise hard coking coal and thermal coal.

Exploration in Mozambique:

• Reconnaissance drilling is under way on licences in Tete and Chinde areas.
• Infill drilling will be undertaken on prospective areas in 2010.

Zululand Anthracite Colliery (ZAC):

• ROM production for the September quarter was 212,246 tonnes, an increase of 12,916 tonnes on the June quarter.
• Saleable production totalled 167,947 tonnes for the September quarter and product sales were 184,000 tonnes as markets improved.
• The Ngwabe Project development is on schedule and production has commenced from the new Western Extension shaft.

Corporate:

• Cash on hand was A$268 million at 30 September 2009.

Click here to view the full announcement.

For further information, please contact:

Michael O’Keeffe
Executive Chairman
P: +61 2 8299 7900

Steve Mallyon
Managing Director
P: +61 2 8299 7900

Niall Lenahan
Company Secretary
P: +61 2 8299 7900

Media Enquiries:
Bill Kemmery
Media: Fortbridge
P: +612 9331 0655
M: +61 400 122 449
E: bill.kemmery@fortbridge.com