Company Information for Riversdale Mining Ltd

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Company Statement

Riversdale Mining Limited is a junior mining company listed on the Australian Stock Exchange under the ASX code RIV. The Company intends to develop as a diversified mining finance house, focused on growth through investment in suitable mining opportunities. It is the company’s intention to assemble a portfolio of suitable assets through rapid growth for the benefit of all our shareholders, and emerge as a diversified mid-tier mining house with excellent returns on shareholder funds, a strong orientation to growth, and a pipeline of projects.

Current Operations

Zululand Anthracite Colliery (ZAC)
On 1 December 2005 Riversdale completed the acquisition of 74% in ZAC, an operating underground anthracite mine located in the Zululand coalfield of northern Kwa-Zulu Natal, South Africa. The run of mine (ROM) coal production was 799,196 tonnes for the year ended 30 June 2007 (2006: 741,144 tonnes), resulting in a saleable production of prime low ash of 518,751 tonnes and middlings of 142,466 tonnes.

Product sales for the year ended 30 June 2007 was 785,995 (2006: 502,703). At the 30 June 2007 ZAC had Coal Resources of over 40.7 million tonnes of coal in situ and the mine life has been extended to 16 years at current production levels.

Mozambique Coal Project
The Company became a leading coal enterprise in a major emerging coal region following an agreement to acquire the following exploration tenements in Mozambique:

• 16 coal bearing tenements covering an area of 203,460 hectares located in the Lower Zambezi Coal Basin were acquired during October 2006.
• 7 tenements covering an area of 86,620 hectares located in the Tete province were acquired during August 2007. These tenements are contiguous with tenements already held by Riversdale and those held by one of the world’s largest mining groups, Companhia Vale do Rio Doce (CVRD).

The combined tenement size now held by Riversdale is in excess of 290,000 hectares and positions the Company as the largest tenement holder in the Tete-Moatize area, with an extensive area capable of supporting long life operations in this emerging and highly prospective region. The region is within economic reach of the East African coast, with access to the port of Beira by means of a railway line from Moatize that is being rehabilitated.  The railway line is scheduled to be operational from mid 2009.

An initial indicated coal resources of 53.3 million run of mine tonnes has been identified in two distinct areas with open-pit potential. The resource is contained in the northern part of the Benga Licence, where drilling has been concentrated.

Tata Steel Joint Venture
The Company signed a Memorandum of Understanding (MOU) with the global steel group Tata Steel Limited on 6 August 2007. Under the MOU, Tata will acquire a 35% interest in the Benga and Tete exploration tenements, which cover an area of 24,960 hectares in Mozambique. A special purpose joint venture vehicle will be established to develop the coal project. Consideration for the acquisition of the 35% Project Interest is A$100 million for which Tata secures a key position in the joint venture, as well as a 40% share of the coking coal off-take and the option to participate on commercial terms above this level. Tata will also be strategically positioned to participate with Riversdale in any future opportunities on the surrounding tenements.   

Geographical Spread

Listed on the Australian Stock Exchange with its head office in Sydney, the Company is currently focused on developing mineral assets in southern Africa - including anthracite coal resources in South Africa, and coking and thermal coal prospects in Mozambique.

Board of Directors and Key Management

Directors
Mr William Michael O'Keeffe	Chief Executive Officer and Chairman
Mr Niall Lenahan	Finance Director and Company Secretary
Mr Richard Potts	Non Executive Director
Mr Andrew Love	Non Executive Director
Senior Management
Peet Snyders	Operations: South Africa
Steve Thomas	Finance: South Africa
Filippo Faralla	Strategy and Analysis: Corporate
Sydney Parkhouse	Operations: Mozambique

Company Address Registered Office and Place of Business, Level 1 Margaret Street Sydney NSW, Australia 2000 Telephone: +61 2 8299 7900 Facsimile: +61 2 8299 7999 Email: Phoebe[at]rivmining.com.au Website: http://www.riversdalemining.com.au

Additional Address/Key Contact Postal Address GPO Box 5371 Sydney NSW 2001

Annual General Meeting October

Year End 30 June

Nominated Brokers Hartleys Limited

Nominated Advisors John Georgiades

Broker/Analyst Reports

14/05/07 - Hartleys
29/01/07 - Hartleys - January

Major Shareholders

Citicorp Nominees Pty Limited

RBC Dexia Investor Services Australia Nominees Pty Limited

National Nominees Limited

ANZ Nominees Limited

Westpac Custodian Nominees Limited

Sumitomo Corporation

Related News

11/02/08 - “The Riversdale Romp”, Or: What Happens When Government Meets Business In Africa
29/11/07 - Riversdale Strikes It Rich In Mozambique
10/07/07 - Riversdale Mining Has a Big Coal Opportunity in Mozambique
20/12/06 - Riversdale Mining Follows Two Pronged Approach

Most Recent Statement

21/09/07 - Annual Report 2007
05/09/07 - Corporate Presentation Sep 07
30/08/07 - Change of Directors Interests
23/08/07 - Financial Results
21/08/07 - Letter to Shareholders
08/08/07 - Acquisition of Tenements from Aquila