https://www.miningweekly.com

Protech Khuthele liquidation delays Resgen coal project

Protech Khuthele liquidation delays Resgen coal project

Photo by Bloomberg

2nd July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Coal hopeful Resource Generation (Resgen) on Wednesday alerted shareholders that its Boikarabelo mine, in South Africa's Waterberg region, would be delayed by between three and six months.

The miner reported that construction and engineering firm Protech Khuthele, which was undertaking the earthworks and rail link, as well as all site infrastructure and roads for the Boikarabelo mine, would be placed in liquidation.

Protech Khuthele has removed all staff from the mine site and have terminated all activities at Boikarabelo.

Resgen said that this development would result in the delay of first coal production from December 2015 to the first half of 2016.

Stage 1 of the mine was targeting a saleable coal production of some six-million tonnes a year, based on a probable reserve of 744.8-million tonnes of coal.

Resgen said that based on the previous competitive tender process for the Boikarabelo earthworks contract, the company did not expect to have any difficulty in appointing an alternative contractor, at similar cost, to complete the project.

Meanwhile, funding negotiations still continued with proposed debt financiers for the mobile equipment, the coal handling and preparation plant and the rest of the site infrastructure.

Edited by Creamer Media Reporter

Comments

Latest News

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.142 0.181s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: