RSG - Resource Generation Limited - Rail Link Route Confirmed
RSG
RSG
RSG - Resource Generation Limited - Rail Link Route Confirmed
Resource Generation Limited
ACN 059 950 337
(Incorporated and registered in Australia)
(Registration number ACN 059 950 337)
Share code on the JSE Limited: RSG ISIN: AU000000RES1
Share code on the Australian Stock Exchange Limited: RES ISIN: AU000000RES1
(JSE short name: "Resgen")
Rail Link Route Confirmed
Resgen has arranged access for its proposed rail link route from the
Boikarabelo mine to the existing Transnet rail line in the Waterberg region of
South Africa.
The route is highlighted as Route Option 3 and is 36 kilometres in length,
shorter than the originally anticipated 45 kilometre link. The map showing the
route can be located on the following link:
Rail link route confirmed
Three farms are being acquired for a total cash consideration of ZAR67.5
million (approx A$10 million). ZAR21.1 million was paid in the last quarter
and the balance is expected to be settled in the current quarter. Agreements
have been signed to acquire an additional farm or a servitude across the farm.
Agreements have been reached for the granting of rail servitudes with the two
corporate owners of land for the balance of the rail link. These agreements
will be formalised after securing necessary regulatory and environmental
approvals for the entire route, the application for which was recently lodged
and is expected to take 6 months to be received.
Sydney, Australia
31 January 2011
Contacts
Paul Jury, Managing Director on (02) 9376 9000
Steve Matthews, Company Secretary on (02) 9376 9000
Media enquiries
Anthony Tregoning (02) 8264 1000
JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited
Date: 31/01/2011 11:01:02 Produced by the JSE SENS Department.
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