Riversdale Mining CEO Steve Mallyon said, “Coking results continue to confirm that the quality of the Benga coking coals will be equal to the best coking coals sold in the market today. This reaffirms our belief that Mozambique will become a key coking coal supplier to steel mills globally.”
These initial test results are expected to be a filip for Riversdale Mining, with a premium price product with one of the world's lowest cost coking coal resources. A bankable feasibility study is due this quarter with first production due in late 2010.
If you add up the following:
HUGH coal reserves + BEST coking coal in the world + Lowest mining cost (open cut pit) = $$$$$$$$$$$$$$$$$$$$$$$$$
Cheers to all Long Term Holders....you know what I'm talking about!!!!!
I just can't stop myself from topping up on RIV in these dips.
SKIP.
RIV Price at posting:
$3.51 Sentiment: Buy Disclosure: Held
