https://www.miningweekly.com

Resgen finalises legal documentation for additional Noble funding

14th December 2020

By: Creamer Media Reporter

     

Font size: - +

ASX- and JSE-listed Resource Generation (Resgen) has finalised the legal documentation related to an in-principle financial support agreement with lender Noble Group.

Noble last month agreed to provide up to an additional $920 000 in funding to Resgen operating subsidiary Ledjadja Coal.

The funding, payable in three instalments, will cover an austerity operating budget for Ledjadja up to February 28, 2021.

The funding has also enabled Resgen to progress a strategic review of alternatives for ensuring the continued financial health of the group, along with development of the Boikarabelo project.

"The company is appreciative of the continued financial support from Noble," Resgen noted in a December 14 statement.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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