something is going here-up 60c today at $10.70, page-3

Skipper,

International conference on Mozambique's coal in the capital Maputo could be creating some interest in Riversdale.

http://www.steelguru.com/raw_material_news/Mozambique_could_be_exporting_110_million_tonnes_of_coal_by_2020/156465.html

"Mozambique could be exporting 110 million tonnes of coal by 2020 Friday, 23 Jul 2010. According to Mr Casimiro Francisco president of the Mozambican Association for Mineral Coal Development, Mozambiques annual coal production may total 110 million tonnes by 2020 and thus the country needs to solve its logistics problems.

Mr Casimiro Francisco while speaking at an international conference on Mozambique's coal, in the capital Maputo said that the country may even reach production of 160 million tonnes of coal per year, as compared to a current estimated capacity of 55 million tonnes. Saying that Mozambique had estimated coal reserves of 23 billion tonnes, Mr Francisco called attention to the problem of a lack of a qualified work force and, fundamentally, to logistical problems, in particular how to transport the coal from where it is mined to the ports for export.

The Mozambican government has considered the possibility of expanding capacity at the port of Beira in Sofala province in central Mozambique, as well as transporting coal along the Zambezi river, in Tete province, a possibility that is being studied by Australian company Riversdale Mining, which is responsible for the Benga coal project in that province.

Mozambique is considered potentially to have one of the largest coal reserves in the world. There are several coal basins that have been identified in different areas of the country, in the provinces of Tete, Niassa, Cabo Delgado and Manica, some of which are currently being assessed through surveying work as part of over 100 mining licences granted to several individuals and companies. In the Moatize coal basin, the best-known of all the coal basins in the country, several geological surveys were carried out last year and reserves are currently estimated at several billion tons. In 2007 and 2009 two mining contracts were signed with Vale Moambique and Riversdale Mining for Moatize and Benga respectively, which together account for a potential yearly production of around 20 million tonnes of coal, with exports expected to begin in July, 2011."