Riversdale cashes up for Mozambique coal play

COAL-focused play Riversdale emerged from a two-day trading halt with news of a $A235 million capital raising to bring its Mozambique project into production by 2010.

Riversdale cashes up for Mozambique coal play Riversdale cashes up for Mozambique coal play Riversdale cashes up for Mozambique coal play Riversdale cashes up for Mozambique coal play Riversdale cashes up for Mozambique coal play

The cash will be used primarily to develop the company's Benga exploration licence, as well as funding further exploration in the company's other tenements in Mozambique's Moatize coal basin.

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