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Rsg - Resource Generation Limited - Water Use Licence And Dismissal Of Mining

Release Date: 04/05/2012 09:48:01      Code(s): 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 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          



                                        
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