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Resgen draws down Noble facility, progresses funding talks

By: Natasha Odendaal     21st June 2017 JSE- and ASX-listed Resource Generation (Resgen) has confirmed the payment of $2.74-million through its second drawdown under the extended facility agreement with Noble Resources International, while work continues to secure project funding. In March, Resgen obtained an extension of its... 

Resgen makes first drawdown from extended facility agreement

By: Anine Kilian     28th April 2017 JSE-and ASX-listed Resource Generation (Resgen) has made the first drawdown of $2.4-million under an extended $8.4-million facility agreement. The company reported on March 14 that it had obtained the $8.4-million extension to a March 2014 facility agreement with Noble Resources International,... 

Resgen secures $8.4m facility extension

By: Natasha Odendaal     14th March 2017 Dual-listed Resource Generation (Resgen) has obtained a further $8.4-million to fund the operations and development of the Boikarabelo mine, in the Waterberg coalfield, until project funding is secured. An extension of a March 2014 facility agreement with Noble Resources International, agreed on... 

Resgen aligns coal project contracts to secure funding

By: Martin Creamer     2nd March 2017 Engineering, procurement, construction and logistics contracts have been aligned to meet the debt funding requirements of the Boikarabelo coal mine project in Limpopo. Boikarabelo, which hosts coal resources of 995-million tonnes and the coal reserves of 267-million tonnes, with the first stage... 

Resgen selects preferred mining contractor for Boikarabelo

By: Natasha Odendaal     5th October 2016 Dual-listed Resource Generation (Resgen) is another step closer to the development of its Boikarabelo coal mine in South Africa’s Waterberg region after signing a heads of agreement with a mining contractor. Boikarabelo mine operating subsidiary Ledjadja Coal this week selected Stefanutti Stocks... 

Resgen secures R5.5bn for Boikarabelo

By: Megan van Wyngaardt     8th August 2016 Dual-listed Resource Generation (Resgen) has secured R5.52-billion to complete construction of the Boikarabelo coal mine, in Limpopo. The emerging coal miner noted on Monday that Ledjadja Coal, a subsidiary of Resgen, had agreed on the commercial terms with a financing syndicate to secure the... 

RESGEN moves closer to construction of flagship Waterberg Boikarabelo coal mine

     8th August 2016 Agreement of Commercial Terms with Financing Syndicate   ASX and JSE listed emerging coal producer Resource Generation (Resgen) is pleased to advise that its BEE subsidiary, Ledjadja Coal, has reached a commercial agreement with a financing syndicate, to securing a funding package of R5.52... 

RAL, Ledjadja partner to upgrade Waterberg roads

By: Natasha Odendaal     2nd August 2016 Roads Agency Limpopo (RAL) and Ledjadja Coal, an operating subsidiary responsible for the Boikarabelo mine on behalf of Resource Generation (Resgen), this week inked a deal to upgrade the road from the Lephalale commercial sector to Steenbokpan and all connector roads to the Boikarabelo site in... 

Resgen appoints COO

     3rd June 2016 Dual-listed emerging coal producer Resource Generation (Resgen) has appointed Zirk van der Bank COO of its operating subsidiary Ledjadja Coal. Van der Bank is an experienced mining engineer with more than 20 years' experience in the coal mining industry. He has held a range of supervisory and... 

Resgen seeks to block largest shareholders from voting in board reshuffle

By: Creamer Media Reporter      12th October 2015 Dual-listed Resource Generation (Resgen) has approached the Australian government’s Takeovers Panel for orders to prevent its three largest shareholders Altius Investments Holdings, Noble Group and the Public Investment Corporation (PIC) from voting at a shareholder meeting requisitioned by... 

Resgen claims illegal collective action by shareholders

By: Natasha Odendaal     1st October 2015 Dual-listed Resource Generation (Resgen) on Thursday slammed an attempt by certain shareholders to overthrow the board, claiming illegal collective action by Shinto Torii, Noble Resources International and the Public Investment Corporation (PIC), led by Shinto parent company Altius Holdings.... 

Resgen shareholder requests board reshuffle

By: Natasha Odendaal     29th September 2015 Resource Generation (Resgen) on Tuesday confirmed requests by major shareholder South Africa-based investment fund Altius Investment Holdings for the removal and replacement of the ASX-listed coal explorer’s board of directors. Altius subsidiary Shinto Torii, which held a 10.7% stake in the owner... 

Resgen rejects Noble’s appeal for board additions

By: Natalie Greve     18th September 2015 JSE- and ASX-listed Resource Generation (Resgen) has turned down a request by funding partner the Noble Group to appoint additional directors to the boards of the company and its black economic-empowerment subsidiary Ledjadja Coal, citing Noble’s inability to elucidate how the board additions... 

South African coal project continues financier search

     31st July 2015 In June Australian coal company Resource Generation (Resgen) announced that negotiations between itself and a group of potential financiers regarding project finance for development of its Boikarabelo coal project in Limpopo, are continuing. 

Resgen supply negotiations with Eskom reach ‘mature’ stage

By: Megan van Wyngaardt     17th October 2012 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 awards mandate for Boikarabelo funding

By: Idéle Esterhuizen     9th October 2012 ASX- and JSE-listed Resource Generation’s (Resgen’s) black economic-empowerment subsidiary Ledjadja Coal has awarded a mandate to six financiers to provide finance for the construction of the Boikarabelo coal mine, in Limpopo. Absa Capital, Caterpillar Financial, Rand Merchant Bank, Hong Kong &... 

Resgen signs coal haulage contract with Transnet

By: Idéle Esterhuizen     27th June 2012 ASX- and JSE-listed Resource Generation’s (Resgen’s) black economic-empowerment subsidiary Ledjadja Coal has signed a ten-year, take-or-pay rail contract with Transnet Freight Rail (TFR) to haul up to six-million tons of coal a year. Resgen stated that the contract assisted in it overcoming its... 

Resgen acquires properties near Boikarabelo

By: Henry Lazenby     27th March 2012 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... 

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