RSG
RSG
RSG - Resgen - NEMA approval received
Resource Generation Limited
Registration number ACN 059 950 337
(Incorporated and registered in Australia)
Share code on the JSE Limited: RSG
Share code on the Australian Stock Exchange: RES
ISIN Code: AU000000RES1
("Resgen" or "the Company")
23 March 2012
ASX Release
NEMA approval received
Resource Generation Limited has received approval under the National
Environmental Management Act (NEMA) for construction activities at its
Boikarabelo mine. The approval enables the company to construct the mine, all
the required mine infrastructure and the associated 36 kilometre rail link to
the existing rail network.
This environmental authorisation was given by the Limpopo Department of Economic
Development, Environment and Tourism (LEDET).
Paul Jury, managing director, said: `We are very pleased to receive our
development consent, which is the culmination of 15 months` close liaison and
work with LEDET. As a life of mine approval, it clears a major milestone to
ensure the long term value that the Boikarabelo mine can provide to all
stakeholders and the local community.
Once we have received our Integrated Water Use Licence and signed a contract
with Transnet Freight Rail, we will then be able to proceed to finalise funding
for project construction to commence.`
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
Resource Generation is developing the Boikarabelo coal mine in the Waterberg
region of South Africa where there are probable reserves of 744.8 million tonnes
of coal on 35% of the tenements under its control. Stage 1 of the mine
development targets saleable coal production of 6 million tonnes per annum
Date: 23/03/2012 09:46:01 Produced by the JSE SENS Department.
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