https://www.miningweekly.com

Resgen first production set for Dec 2015

3rd April 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – With construction activities well under way and on track, production at Resource Generation’s (Resgen’s) Boikarabelo coal mine, in the Waterberg region, was expected to start in December 2015.

Construction of the six-million-tonne-a-year Stage 1 operation, which started a year ago, was expected to take a further 21 months, with Resgen anticipating finalising funding agreements by June 2014.

Outlining the developments to date in the quarterly report for the three months ended March 2014, the group said, with 260 personnel already working on the site, the 200-person construction camp was nearing completion, with the earthworks to expand the camp to accommodate 1 320 people completed.

Resgen, which had drawn down $20-million of its $55.3-million loan for the rail link during the quarter under review, had started the earthworks for the 40 km rail link from the mine to the existing Transnet Freight Rail network, with initial rail and sleepers delivered to site.

Further, earthworks for the company’s planned $200-million coal handling and preparation plant were also under way.

Danish State-owned export credit agency EKF was currently undertaking due diligence to cover 50% of the cost of the plant’s construction.

Meanwhile, earthworks progressed on the current access road upgrade, the main mine access road construction, a provincial road bypass and road underpasses for the water pipeline from Marapong.

Binding term sheets were in place with Noble Group for a $65-million loan for construction of infrastructure, and negotiations were under way with three parties to fund the mobile equipment that would be required in August 2015.

The company reported cash reserves of $67-million as at March.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 0.755s - 111pq - 2rq
Subscribe Now