"Riversdale says it has at least 13bn tons of coal in two concessions. Vale has been more modest in its estimates, but industry sources and diplomats in Maputo say the real amount of coal both immediately north of Tete and slightly further afield is very significant indeed, amounting to the worlds most significant discovery of coal since production began at the Bowen Basin in Queensland, Australia in the 1960s."
RIV Price at posting:
$10.44 Sentiment: Buy Disclosure: Held