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Res - Resource Generation Limited - Resource Generation To Receive Mining

Release Date: 31/03/2011 09:58:01      Code(s): RSG
RES - Resource Generation Limited - Resource Generation to receive 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     
("Resgen")                                                                      
Resource Generation to receive Mining Right for its Boikarabelo mine            
Resource Generation Limited, which is developing one of South Africa`s largest  
remaining coal deposits, announced today that its Ledjadja joint venture has    
received notification that it has been granted a 30 year Mining Right for its   
Boikarabelo mine by the South African Department of Mineral Resources.          
Execution of formal documentation and establishment of a $2 million             
rehabilitation deposit will be completed over the next three weeks.  The        
company has a 74% shareholding in the joint venture.                            
Paul Jury, managing director of Resource Generation, said: `This is a major     
step towards the development of the Boikarabelo mine. We expect that the        
Mining Right will facilitate our discussions with Eskom regarding coal supply   
to its power stations in Mpumalanga and with Transnet regarding transport to    
domestic customers and ports.                                                   
`We have worked closely and transparently with the Department of Mineral        
Resources throughout the approval process and I would like to acknowledge the   
assistance provided by our new BEE partners (see separate release).`            
The Ledjadja joint venture submitted the Mining Right Application, including a  
social and labour plan and a mining work program, in February 2010.             
Sydney, Australia                                                               
31 March 2011                                                                   
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                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 31/03/2011 09:58:01 Supplied by www.sharenet.co.za                     
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