2017

Resource Generation (Resgen) has put a new deadline of mid-2017 for the $400m required to complete funding of Boikarabelo, a six million tonne a year (mtpy) thermal coal project in South Africa’s Limpopo province.


Johannesburg – Engineering, procurement, construction and logistics contracts have been aligned to meet the debt funding requirements of the Boikarabelo coal mine project in Limpopo.


Johannesburg - Resource Generation [JSE:RSG] has issued a Sens statement regarding its quarterly report for the three months ended 31 December 2016.


As work continues at its Boikarabelo coal mine, in the Waterberg, dual-listed Resource Generation (Resgen) is considering a proposal to increase an existing unsecured loan facility.


The measured and indicated tonnes of 664.2 million t have increased to 994.81 million t. This is attributable to an increase in the Measured Resource Area as a result of additional drilling.


 


A recent update to the reserves estimate for dual-listed Resource Generation’s (Resgen’s) Boikarabelo coal mine has increased its measured and indicated tonnes to 994.81-million tonnes, up from the previous 664.2-million tonnes.


A recent update to the reserves estimate for dual-listed Resource Generation’s (Resgen’s) Boikarabelo coal mine has increased its measured and indicated tonnes to 994.81-million tonnes, up from the previous 664.2-million tonnes.