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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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