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Riversdale Mining

Mozambique benefiting from mining taxes but needs to improve infrastructure

The Economist Intelligence Unit (EIU) has calculated that Mozambique has extracted $1.3-billion in capital gains taxes from transactions involving mining and hydrocarbons projects. This is equivalent to 9% of the country’s gross domestic product...
23rd May 2014
COAL – 1

ZAC refutes underperformance claims by would-be acquirer

The acquisition agreement between Southern Africa-focused coal producer Forbes & Manhattan Coal and mining major Rio Tinto subsidiary Riversdale Mining was not cancelled because of Zululand Anthracite Colliery’s performance says ZAC black...
8th March 2013

Rio Tinto’s $3.9bn Mozambique coal bid may be scuppered by lack of rail, port capacity

Rio’s $3 Billion Mozambique Coal Bid Runs Off the Rails: Freight  Rio Tinto Group’s foray into Mozambique, which cost the world’s No. 2 mining company $3 billion, has highlighted a lack of rail and port capacity that threatens to check a coal boom...
1st March 2013

Forbes cancels Riversdale acquisition

TSX- and JSE-listed Forbes & Manhattan Coal on Friday said it had cancelled an acquisition agreement with Riversdale Mining after the takeover target’s Zululand Anthracite Colliery (ZAC) underperformed. The company said in a statement that the...
15th February 2013

Some power to flow to Southern African grid from Benga, Rio says

Mining group Rio Tinto says there is likely to be an offtake allocation available for the Southern African power pool from its proposed Benga coal-fired power generation plant, which is being prepared for development in the Tete region of northern...
21st June 2012

Rio seeks interest from possible developers of 600 MW Moz power plant

Global mining group Rio Tinto has issued a call for expressions of interests for potential developers and operators of its Benga power plant, which has been proposed for development in the Tete region of northern Mozambique. The facility, which...
18th June 2012
PMI Gold Corporation

Company Announcement: PMI Appoints Experienced Mining Finance Executive as London-Based Director PDF Available

PMI Gold Corporation is pleased to announce the appointment of experienced mining finance executive Dr. Michael Price as a new London-based Non-Executive Director, further strengthening its Board as it moves towards gold production in West Africa.
14th June 2012
Mozambique Coal Projects

Coking coal potential to validate Mozambique infrastructure investment

Mozambique’s rapidly growing coal sector offers investors a promising future, with production from various projects expected to reach new buyer’s markets states international broking house London Commodity Brokers (LCB) South Africa GM Bevan Jones.
9th December 2011

New coal mine open in Mozambique

Brazil-based mining company Vale has opened a $1.7-billion coal mine in Mozambique, which will tap into the Southern African country's thermal and coking coal reserves of about 23-billion tons, reports advisory and consultancy services company...
8th July 2011

Rio Tinto appoints new CEO for Riversdale

Mining major Rio Tinto on Friday announced that it had appointed its head of exploration, Eric Finlayson, as the new CEO of Riversdale Mining. Finlayson would replace the MD Steve Mallyon, who had been steering the Australian company since 2008...
24th June 2011
Mozambique Coal Projects

Mozambique Q2 mining report released

Mozambique's mining sector is set to be transformed over the period to 2015, as coal and gold production increase significantly on the back of investment from, besides others, foreign mining groups Vale, Riversdale Mining and Pan African Resources.
24th June 2011

Tata gives up $1bn stake in Riversdale

Indian major Tata Steel has reported that it would divest of its $1-billion stake in coal miner Riversdale Mining, under a takeover offer from diversified giant Rio Tinto. Rio, which had extended its A$16.50 a share offer until June 17, had...
17th June 2011
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