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Zambeze Coal Basin

One of the World’s Largest Undeveloped Coal Basins

Riversdale Mining(ASX:RIV)

  • 13 billion tonnes of coal identified

  • Market capitalisation: $4.035bn @ A$16.50

  • 100% acquisition offer by Rio Tinto

  • ZAMBEZE project:

    • 9.0 billion tonnes of coal identified

    • 22 coal seams identified over 14 km length

    • MoU with Wuhan Iron & Steel to acquire 40% of project for US$800m

  • BENGA project:

    • 4.0 billion tonnes of coal identified

    • Mining contract granted by Mozambique government for a 20MT/year operation

    • First production expected in H2 2011

    • TATA acquired 35% of project for US$100m

Other significant projects Ncondezi Coal (AIM:NCCI):

  • 1.8 billion tonne JORC resource

ENRC:

  • 1.0bn tonne JORC resource

Jindal:

  • 1.0bn tonne JORC resource

BENGA

ZAMBEZE

MOATIZE

Figure 3: Location Map of Mozambi Coal Tenements in Zambeze Coal Basin

VALE (NYSE/BOVESPA:VALE)

  • MOATIZE project:

    • 1.4bn resource

    • First production expected in H2 2011

    • Capacity for 11Mtpa production, 8.5Mpta coking, 2.5Mpta thermal

Source: Company websites and publications, SRK May 2010, RBC Capital Markets

Mozambi Coal Limited

Investor Presentation May 2011

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