| Fri 4 May 2012, 9:48 | | RSG - Resource Generation Limited - Water use licence and dismissal of mining |
|
RSG
RSG
RSG - Resource Generation Limited - Water use licence and dismissal of mining
right appeal clear the way for Boikarabelo construction
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")
ASX Release
Water use licence and dismissal of mining right appeal
clear the way for Boikarabelo construction
Resource Generation Limited has today received confirmation of two significant
developments which clear the way for construction of its Boikarabelo mine in the
Waterberg region of South Africa to proceed.
The Company has received an Integrated Water Use Licence governing all aspects
of water use at the mine. This enables the mine to conduct all activities for
stage 1 of planned production and to utilise its borefield.
Ledjadja, the Company`s BEE subsidiary, acknowledges the assistance and
cooperation of the Department of Water Affairs in issuing this licence and
Ledjadja looks forward to working with the Department to obtain the licences
required for development of the Marapong Boikarabelo Effluent Treatment (MBET)
scheme and the Boikarabelo mine power station. An agreement for the MBET scheme
was previously signed with the Lephalale Local Municipality in Limpopo Province,
securing the water required for stage 2 of planned production.
In addition, the Department of Mineral Resources has written to Ledjadja
advising that the appeal against its mining right has been dismissed and
finalised.
Paul Jury, managing director of Resource Generation, said: `The Integrated Water
Use Licence is the last piece of the regulatory jigsaw puzzle required for mine
construction and commencement of stage 1 production to proceed. Along with this
major licence, removal of the mining right appeal establishes a clear path to
securing funds for project construction.
`It is pleasing that the Boikarabelo project has now received support from all
major regulatory bodies, signifying the benefit that this major project brings
to the Limpopo region of South Africa. Completion of a rail haulage contract
with Transnet is the remaining major hurdle to enable Resource Generation to
finalise funding for project development.`
Sydney, Australia
4 May 2012
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 Limited (ACN 059 950 337)
www.resgen.com.au
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013
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: 04/05/2012 09:48:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
