Riversdale Mining (RIV) is a coal miner with mines and assets in one of the world’s richest coal region, Southern Africa.
RIV boasts two major hard coking and thermal coal projects in Mozambique and a massive land position in Moatize, the world’s next major coal region.
Coal miners have been among the shares to buy in recent months, following a surge in demand from Asian countries including China.
RIV recently confirmed the hard coking coal potential at its Zambese Coal Project in Mozambique.
According to RIV, Zambese’s high coke strength means it has the potential to be a tier 1 hard coking coal operation.
Further work will need to be done to consolidate the findings, while RIV expects to complete the project’s feasibility study in 2010.
Given Zambese’s strong potential, RIV will be one of the mining shares to watch in coming months.