https://www.miningweekly.com
Africa|Coal|PROJECT|Resources
Africa|Coal|PROJECT|Resources
africa|coal|project|resources

ResGen goes into administration

6th July 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Dual-listed Resource Generation (ResGen) has voluntarily appointed an administrator to undertake an urgent assessment of the company.

ResGen has been struggling to find a development partner for its Boikarabelo coal project in South Africa’s Waterberg region, as well as securing working capital funding.

The potential of appointing administrators were raised in April this year, after lender Noble Resources International said that it would no longer be providing funding to ResGen’s partially-owned subsidiary Ledjadja Coal.

ResGen had hoped for an additional $993 000 in funding from Noble, brining its total funding facility to $51-million.

The administrators said on Tuesday that a first statutory meeting of creditors will be held within eight days of their appointment, which is July 14.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

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:0.065 0.099s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: