Go Back Email this Link to a friend

Rsg - Resgen - Resource Generation Receives Mining Right For Its Boikarabelo

Release Date: 21/04/2011 09:16:01      Code(s): RSG
RSG - Resgen - Resource Generation receives Mining Right for its Boikarabelo    
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.`                  
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 Supplied by www.sharenet.co.za                     
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.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.