Resgen acquires properties near Boikarabelo

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....

Resgen’s Limpopo mine receives environmental approval

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...

Resgen secures water for Stage 2 of Limpopo mine

Coal junior Resource Generation (ResGen) has secured the water supply for developing the second phase of its Boikarabelo coal mine in Limpopo, the ASX- and JSE-listed junior the reported on Friday. The contract with the Lephalale local...

Resgen awaiting Transnet approval for Waterberg coal haulage

ASX- and JSE-listed Resource Generation (Resgen) said on Wednesday that it is awaiting approval from State-owned Transnet on memorandum of understanding (MoU) regarding coal haulage for the Boikarabelo project. It indicated that its 74%-owned...

Resgen says TFR reluctant to commit to haulage contract for Waterberg mine

The reluctance of Transnet Freight Rail (TFR) to commit to a haulage contract with Resource Generation (ResGen) is delaying the start-up date of its Boikarabelo coal mine in the Waterberg, MD Paul Jury said on Tuesday. The Australian coal miner...

Financiers show strong interest in Waterberg coal mine – Resgen

ASX- and JSE-listed Resource Generation (Resgen) said on Thursday that it had received strong interest from financiers to fund the construction of its Boikarabelo mine in the Waterberg region of South Africa. Resgen indicated with its listing on...

Resgen awarded mining right for Boikarabelo coal mine

ASX- and JSE-listed Resource Generation (Resgen) said on Thursday that it had received a 30-year mining right to develop its Boikarabelo mine. The Boikarabelo project, situated in South Africa’s Limpopo province, is said to be one of the...

Resgen inks 20-yr coal supply deal with Indian group

ASX- and JSE-listed Resource Generation (Resgen), which owns projects in South Africa's Waterberg region, has signed a 20-year coal supply deal with an Indian group, which will take a 10% shareholding in the coal company. Resgen would supply...

Resources Watch

This week: the historic joint declaration aims to grow and transform South African mining; Australia's Resources Generation seeks to raise R4,5-billion for its Waterberg coal mine; and golden treasure arises beneath the skirt of the old Agnes mine.

Resgen seeks to raise R4,5bn for Waterberg coal mine

Australian miner Resource Generation (Resgen) on Wednesday listed on the JSE in an effort to gain access to the South African markets in raising finance for its coal project in the Waterberg region. Resgen, which has a primary listing on the ASX,...

Xstrata raises Resource Pacific offer

Xstrata raised its takeover bid for Australian coal-miner Resource Pacific by A$0,35 a share on Friday, but the smaller company was unmoved from its earlier position, and advised shareholders to “take no action”.

Resource Pacific rejects Xstrata bid

Australian coal producer Resource Pacific on Friday recommended that its shareholders spurn a A$2,85 a share bid from diversified miner Xstrata, saying that the offer was “neither fair nor reasonable”.