Fortbridge Media Release

Riversdale Mining [ASX: RIV] - Offtake agreement for thermal coal sales from the Benga Coal Mine

Riversdale Mining (ASX: RIV) has entered into an offtake agreement with Trafigura for thermal coal produced from the Benga Coal Mine in Tete, Mozambique.

The take-or-pay agreement covers all thermal coal produced from the Benga Coal Mine during Stage 1 of the mine�s development and is valued at over US$200 million at forecast thermal coal prices.

The Benga thermal coal price will be linked to the API 4 Index, the benchmark price reference for coal exported out of South Africa�s Richards Bay terminal. The agreement includes options to increase offtake tonnages as production ramps-up at Benga.

Riversdale Mining Managing Director Steve Mallyon said that the offtake agreement would be a significant profit driver for the coal mine during the project�s first stage of development.

�The agreement assists in underwriting the critical first stage of growth and production at Benga and provides us with exposure to the strong fundamentals of the seaborne thermal coal market� Mr Mallyon said.

Mr Mallyon said that Riversdale Mining were also pleased to have secured a strong offtake partner in Trafigura, as they are one of the stronger and more experienced global trading companies, with access to in excess of US$30 billion in credit facilities, and with investments in industrial assets around the world of more than US$2.4 billion.

Trafigura is fast becoming a world-class supplier of thermal coal, coking coal and coke products to the global marketplace, and is part of a trading business that includes the world�s third largest independent oil trader and the second largest independent trader in the non-ferrous concentrates market.

For further information, please contact:

Steve Mallyon
Managing Director
Ph: +612 8299 7900

Media: Fortbridge
Bill Kemmery
Ph: +612 9331 0655
Mob: +61 400 122 449
Email: