Michael O’Keeffe, CEO of Riversdale Mining

Riversdale Mining Limited (RIV) is included on the Standard & Poor’s ASX 100 Index. The Company operates the Zululand Anthracite Colliery (74%) in South Africa and holds over 250,000 hectares of tenements in the Moatize Coal Basin in Mozambique. 

The Benga coking and thermal coal project is a JV with Tata Steel (35%) and a 2.1Billion tonne resource was recently announced.  This project is planned to become a 20Mtpa mining operation.  Exploration to date has only covered a small percentage of the ground held by Riversdale and the basin has the potential to become a major coal production source for the global market.  A railway is planned to run down to the port at Beira and the Government of Mozambique is studying the construction of a 500MW power station with commissioning targeting 2012. 

This could be incrementally expanded in 500MW units to 2,000MW and provide much needed additional power to Eskom in South Africa as well as meet growing domestic requirements.

Book Online >>

The chief economist of EFIC ( the Export Finance & Insurance Corporation), Roger Donnelly, recently wrote a book with his colleague Ben Ford for the Lowy Institute for International Policy. It's called Into Africa: How the Resource Boom is Making Sub-Saharan Africa More Important to Australia.
The international resource boom has spurred a hunt for new mineral and hydrocarbon reserves, and an important new frontier in this hunt is Sub-Saharan Africa (SSA). Australian resource companies are spending tens of billions of dollars on exploration and development, and engineering and service companies are clinching billions of dollars of contracts, in scores of SSA countries. The subcontinent now matters to corporate Australia in ways it didn't five years ago. What are the drivers and dimensions of the SSA resource boom and the Australian investment push? What do the burgeoning business links mean for the companies themselves and for Australian public policy?
These are the questions that the book tackles - and that Roger Donnelly will be discussing at the Mining Club.

Book Online >>