RIV
Stock Code
Stock Exchange
Riversdale Mining (RIV) is a coal exploration, mining and development Company, with operations in Australia and Africa. The Company operates several resource projects in Southern Africa. Riversdale Mining listed on the Australian Stock Exchange (ASX) on 24th January, 1986. RIV is a part of the Standard & Poor’s ASX 100 Index. On 1 December 2005, Riversdale acquired 74% in an operating underground anthracite mine, ZAC situated in the Zululand coalfield of northern Kwa-Zulu Natal, South Africa. The Company produced 917,622 tons of coal from run of mine (ROM) during fiscal 2008.
International mining giant, Rio Tinto (ASX:RIO) has increased its stake to 52.6 percent in South African based coal producer, Riversdale Mining (ASX:RIV). Rio Tinto offered shareholders $16.50 per share giving Riversdale a value of $US4 billion.
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