Riversdale Mining releases Quarterly Report April 27, 2010

Riversdale Mining (ASX: RIV) has released its Quarterly Activities Report for the period ending 31 March 2010.

Highlights:

Benga Coal Project (Riversdale 65%)

• Approval for the Environmental Impact Study (‘EIS’) on the project has been granted by the Ministério para a Coordenação da Acção Ambiental (‘MICOA’), the regulatory authority for environment within the Government of Mozambique and is in respect of Riversdale’s long term plan for a 20 million tonne per year coking and thermal coal project
• Orders have been placed for long-lead equipment
• Mining contract signed with MCC Contracts Pty Limited for the provision of open pit mining on the Project
• Benga Coal Project officially opened by the President of the Republic of Mozambique

Benga Power Plant

• Approval for the Benga Power Plant (‘BPP’) EIS granted by MICOA
• 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
• Discussions are well advanced with offtake and development partners

Zambeze Project EPL946L (Riversdale 100%)

• Conceptual mine plans developed for the Zambeze Project to cover the initial Indicated Coal Resource of 1.70 billion tonnes (bt)
• Options are being assessed to determine the optimal approach to develop the mine including processing and logistics
• Products comprise hard coking coal and thermal coal
• The government has granted an exploration lease extension for a further 3 years

Exploration in Mozambique

• Reconnaissance drilling is under way on licences in the Tete, Changara and Cahora Bassa areas
• A number of promising prospects have been identified by drilling on the Changara leases west of Tete with indications of coking and thermal coal

Zululand Anthracite Colliery (ZAC)

• ROM production for the March quarter was 179,700 tonnes, a decrease of 4,824 tonnes on the December quarter
• Saleable production totalled 163,334 tonnes for the March quarter, up 1% on the December quarter
• Product sales were 273,217 tonnes, a significant increase of 68,698 tonnes on the December quarter indicating the improvement in market conditions
• The Ngwabe Project is progressing well with ground conditions to date being consistent with expectations

Corporate

• Cash on hand was A$255 million at 31 March 2010

Click here to view the full announcement.

For further information, please contact:

Michael O’Keeffe
Executive Chairman

Steve Mallyon
Managing Director

Niall Lenahan
Company Secretary

P: +61 2 8299 7900

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