| Type | Public |
|---|---|
| Traded as | ASX: RIV |
| Headquarters | Sydney, Australia |
| Revenue | A$97.5M[1] |
Riversdale Mining is an Australian mining company, listed on the S&P/ASX 200. It specialises in coal mines in Africa.[2][3][4]
Tata Steel owned a stake of approximately 24% in Riversdale;[5] Passport Capital and Brazilian steelmaker CSN also have a stake.[6] In April 2010, Rio Tinto Group gained a majority stake.[7]
In June 2010, Riversdale Mining signed an agreement with Wuhan Iron and Steel to jointly develop Riversdale's Zambeze coal reserves in Mozambique, one of the world's largest undeveloped coking coal areas; Wuhan will also buy coal from Riversdale's nearby Benga mines.[8] The Benga mines are expected to produce 20 million tonnnes per year.[9] These mines are near Moatize in Mozambique.[10]
Riversdale also has the Zululand anthracite mine in northern KwaZulu Natal in South Africa.[11]
Riversdale has been in takeover talks with Rio Tinto, valuing it at A$3.5 billion;[12][13][14] the government of India has also considered bidding.[15]