RSG - Resource Generation Limited - Update regarding Mining Right
RSG
RSG
RSG - Resource Generation Limited - Update regarding Mining Right
Resource Generation Limited
(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")
Update regarding Mining Right
Resource Generation Limited has been made aware that an appeal has been lodged
with the South African Department of Mineral Resources regarding the granting of
the Boikarabelo Mining Right to Ledjadja Coal (Pty) Limited.
The Mining Right remains valid, as the appeal does not suspend the Mining Right.
The appeal has been lodged by three individuals whose farms are located in the
area of the proposed mine, the nearest being 13km away. The objections raised
are of a general nature and are substantially the same as those lodged by the
same parties during the public consultation phase of the Mining Right
Application process, which were considered in the granting of the Mining Right.
There is a statutory process to be followed and at this stage no formal
notification has been received.
The Company is confident that the Mining Right will be confirmed at the end of
that statutory process. The Company is continuing its normal activities to
develop the Boikarabelo mine.
This announcement was released on the ASX on 12 August 2011.
Sydney, Australia
18 August 2011
Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000
JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited
Resource Generation has coal interests in South Africa and Tasmania. Its
current priority is to develop its planned Boikarabelo mine in the Waterberg
region of South Africa where there are probable reserves of 744.8 million tonnes
of coal on 35% of the company`s tenements.
Date: 18/08/2011 10:47:48 Produced by the JSE SENS Department.
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