RSG - Resgen - Resource Generation receives Mining Right for its Boikarabelo
RSG
RSG
RSG - Resgen - Resource Generation receives Mining Right for its Boikarabelo
mine
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" or "the Company")
Resource Generation receives Mining Right
for its Boikarabelo mine
Resource Generation Limited, which is developing one of South Africa`s largest
remaining coal deposits, has received formal documentation from the South
African Department of Mineral Resources that its Ledjadja joint venture has been
granted a 30 year Mining Right for its Boikarabelo mine. The company has a 74%
shareholding in the joint venture.
The documentation also confirmed the change of Resource Generation`s BEE partner
in Ledjadja to Fairy Wing Trading 136 (Pty) Limited.
Paul Jury, managing director of Resource Generation, said: `This is a major step
in the development of the Boikarabelo mine, which is expected to begin
production in late 2013. We expect the Mining Right will facilitate our
discussions with Eskom regarding coal supply to its power stations and with
Transnet regarding transport to domestic customers and ports.`
Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000
Media enquiries
Anthony Tregoning (02) 8264 1000
JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited
21 April 2011
Date: 21/04/2011 09:16:01 Produced by the JSE SENS Department.
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