Approval forthcoming for Boikarabelo rail project funding, says Resgen
ASX-listed Resource Generation (Resgen) is finalising the funding approval for the Boikarabelo coal project rail link.
The company is busy securing the investment committee and board approval for the nonbinding equity and debt term sheets between its subsidiary Ledjadja Coal and Pan African Infrastructure Development Fund (PAIDF) and PAIDF2, under Harith General Partners’ management, for the funding.
The legal documentation pertaining to the formalisation of the term sheets into legal agreements is being progressed in tandem with the finalisation of the approvals process and follows the interim approvals that were given by Harith.
The working capital component of the facility agreement, which excludes the original noble loan of $20-million plus accumulated interest, will be $29.5-million plus interest including the additional extension.
The amount is to be repaid from the proceeds of the mine funding package upon financial close.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation