Riversdale Mining is an Australian

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic ...

company, listed on the

S&P/ASX 200 The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australi ...

. It specialises in coal mines in

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

. Tata Steel owned a stake of approximately 24% in Riversdale; Passport Capital and Brazilian steelmaker CSN also have a stake. In April 2010, Rio Tinto Group gained a majority stake.

Operations

In June 2010, Riversdale Mining signed an agreement with Wuhan Iron and Steel to jointly develop Riversdale's Zambeze coal reserves in

Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi ...

, one of the world's largest undeveloped coking coal areas; Wuhan will also buy coal from Riversdale's nearby

Benga Benga may refer to: Ethnonym * Benga people, an indigenous ethnic group of Equatorial Guinea * Benga language, spoke by the Benga people * Benga music, a genre of music originating in Kenya Places Romania * ''Benga'', the old name of Mo ...

mines. The Benga mines are expected to produce 20 million tonnes per year. These mines are near

Moatize Moatize is the principal town and administrative center of Moatize District in western Mozambique's Tete Province. It is located on the eastern side of the Zambezi River at the confluence of the Moatize and Revuboe Rivers. After Tete, it is the ...

. Riversdale also has the Zululand anthracite mine in northern

KwaZulu Natal KwaZulu-Natal (, also referred to as KZN and known as "the garden province") is a province of South Africa that was created in 1994 when the Zulu bantustan of KwaZulu ("Place of the Zulu" in Zulu) and Natal Province were merged. It is locate ...

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...

Takeover

Riversdale has been in takeover talks with

Rio Tinto Rio Tinto, meaning "red river", may refer to: Businesses * Rio Tinto (corporation), an Anglo-Australian multinational mining and resources corporation ** Rio Tinto Alcan, based in Canada ** Rio Tinto Borax in America *** Rio Tinto Borax Mine, ...

, valuing it at A$3.5 billion; the

government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

has also considered bidding.

References

{{reflist, 2 Mining companies of Australia Mining in Mozambique