http://www.miningweekly.com

Global Mining News in real time

Resgen continues finance talks for coal mine

By: Megan van Wyngaardt JSE-listed coal miner Resource Generation (Resgen) on Thursday said it was continuing conversations with a club of potential financiers to provide project finance for the construction of its Boikarabelo mine, in the Waterberg region. The club included two local senior lending banks, two... 

Boikarabelo development continues as Resgen seeks new contractor

By: Natasha Odendaal JSE- and ASX-listed Resource Generation (Resgen) is undertaking the development of some projects at its Boikarabelo mine, in the Waterberg, while it works to find a new earthworks contractor for the operation. The coal hopeful reported earlier this month that the sudden shutdown of the... 

Protech Khuthele liquidation delays Resgen coal project

By: Esmarie Swanepoel 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... 

Resgen advances Boikarabelo 

By: Esmarie Swanepoel ASX- and JSE-listed Resource Generation (Resgen) has taken a major step in progressing its Boikarabelo coal mine, in South Africa's Waterberg area, by agreeing to terms for the design and supply of a coal handling and preparation plant (CHPP). The $200-million CHPP would be the largest capital... 

ResGen welcomes major SA investor

By: Esmarie Swanepoel Dual-listed Resource Generation (ResGen) has welcomed South African government's Public Investment Corporation (PIC) as a major shareholder, following a recent A$62.6-million capital raising to start major construction work at its Boikrabelo coal mine, in the Waterberg. ResGen MD Paul Jury said... 

ResGen welcomes new investor

By: Esmarie Swanepoel Dual-listed Resource Generation (ResGen) has sold a 15% interest in the company to Blumont Group in an effort to expand its capital base. ResGen would issue the shares at a price of 22c each, and Blumont’s investment in the ASX- and JSE-listed firm was expected to top between A$20-million and... 

Resgen increases stake in another Waterberg project

By: Creamer Media Reporter Dual-listed Resource Generation (Resgen) will increase its interest in Waterberg One Coal (WOC) to 74%, while its black economic-empowerment partner in the Boikarabelo mine, Fairy Wing Trading (FWT), will acquire the remaining 26% stake. WOC, which is currently 70%-owned by Resgen and 30%-owned... 

Resgen gets ready to start rail construction

By: Natasha Odendaal JSE- and ASX-listed Resource Generation (Resgen) was preparing to start the construction work of a 38 km rail line connecting its Boikarabelo mine to the existing Transnet Freight Rail network in the Waterberg. The construction of the rail link was considered to be one of the longer lead-time... 

Resgen signs 20-year coal offtake deal with Valu Investments

By: Creamer Media Reporter ASX- and JSE-listed Resource Generation (Resgen) has entered into a 20-year export coal offtake agreement with Valu Investments, a special purpose vehicle that will be jointly owned by entrepreneur Jaimin Vyas and Indian energy infrastructure company IL&FS Energy Development Company. Under the... 

Resgen to raise A$62.6m for Boikarabelo, secures funding for rail link

By: Creamer Media Reporter ASX- and JSE-listed Resource Generation (Resgen) on Friday announced that it would seek to raise A$62.6-million to start major construction work at its Boikarabelo mine, in South Africa’s Waterberg region. The company would raise the funds through a nonrenounceable entitlement offer of about... 

Resgen advances mine development at Waterberg coal play

By: Natalie Greve Construction activities at ASX- and JSE-listed Resource Generation’s (Resgen’s) Boikarabelo mine were making good progress, with initial activities including the establishment of site infrastructure, roadworks and water and power connections. The company started construction at the mine, in the... 

Resgen, Noble partner to fund Boikarabelo mine development

By: Esmarie Swanepoel ASX-listed Resource Generation (Resgen) has divested of a 7.5% stake in the company to fund the development of its Boikarabelo coal mine, in South Africa. The miner reported on Tuesday that it had entered into a strategic partnership with Noble Group, which would see the placement of more than... 

Resgen looks at new funding for A$530m mine

By: Esmarie Swanepoel ASX- and JSE-listed Resource Generation (Resgen) on Tuesday announced that it was looking at alternative sources of funding to construct its Boikarabelo coal mine, in South Africa's Limpopo province. The miner said that it had received credit-approved offers of project finance, but noted that... 

Resgen starts Boikarabelo mine construction

By: Chanel de Bruyn ASX- and JSE-listed Resource Generation (Resgen) on Thursday said construction activities at its $630-million Boikarabelo coal mine, in Limpopo, had started, in line with earlier announcements. Initial construction activities would encompass site infrastructure, road works and water and power... 

Construction on $630m Boikarabelo mine to start in Feb 

By: Idéle Esterhuizen ASX- and JSE-listed Resource Generation (Resgen) MD Paul Jury on Friday said the $20-million received through a debenture with Noble Resources would be used to start construction at its Boikarabelo coal project, in Limpopo, in February. In a report on the company’s progress during the three... 

Resgen supply negotiations with Eskom reach ‘mature’ stage

By: Megan van Wyngaardt ASX- and JSE-listed Resource Generation’s (Resgen’s) negotiations to supply Eskom with three-million tons a year of thermal coal were now at a mature stage, the company reported on Wednesday. Resgen, which is developing the $630-million Boikarabelo coal mine, in Limpopo, said it expects to start... 

Resgen to acquire coal tenements from Exxaro

By: Megan van Wyngaardt ASX-and JSE-listed Resource Generation (Resgen) would acquire new coal tenements adjacent to its existing tenements, extending its Boikarabelo mine’s resource by 31% Resgen earlier this year agreed to buy the coal tenements from Exxaro under a put option, which the black-controlled miner had... 

Resource Generation saves $120m on SA power bill

By: Esmarie Swanepoel ASX- and JSE-listed Resource Generation told its shareholders on Wednesday that it would save some $120-million in construction costs at its Boikarabelo coal mine, in South Africa, after the miner secured electricity supply from the grid. Resource Generation was developing the Boikarabelo coal... 

Resgen says banks undertaking due diligence for project finance

By: Megan van Wyngaardt ASX-and JSE-listed Resource Generation (Resgen) on Tuesday said that banks had started due diligence studies for project finance to develop its coal mine in the Waterberg. This follows the signing of a haulage contract with Transnet in June, as well as securing regulatory approvals for... 

Resgen acquires properties near Boikarabelo

By: Henry Lazenby ASX- and JSE-listed Resource Generation (Resgen) on Tuesday said it had signed an agreement to acquire land next to the company’s Boikarabelo coal mine in Limpopo, and agreed to a put option under which it could acquire further coal tenements. The properties being acquired are the farms Swelpan... 

Resgen’s Limpopo mine receives environmental approval

By: Henry Lazenby ASX- and JSE-listed Resource Generation (Resgen) on Friday said it had received environmental approval to proceed with the development of its Boikarabelo coal mine, in Limpopo. The approval under the National Environmental Management Act enables the company to construct the mine, all the... 

First
Prev
1
Next
Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.85Change: 0.07
R/$ = 12.64Change: 0.05
Au 1088.12 $/ozChange: -3.33
Pt 950.00 $/ozChange: -16.00
 
Subscribe Now for $96
Subscribe Now for $96 Close