To view the PDF file, sign up for a MySharenet subscription.

RSG - Resource Generation Limited - Resource Generation progresses plan to

Release Date: 31/03/2011 09:59
Code(s): RSG
Wrap Text

RSG - Resource Generation Limited - Resource Generation progresses plan to secure water for its Boikarabelo mine/Water treatment plant to benefit local community 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 progresses plan to secure water for its Boikarabelo mine Water treatment plant to benefit local community Resource Generation Limited, which is developing one of South Africa`s largest remaining coal deposits, reports significant progress with securing the water that will be needed for its proposed Boikarabelo mine. The company has been chosen as the preferred party to construct, operate and maintain a wastewater treatment plant at Marapong, approximately 50 kilometres from Boikarabelo. The plant will treat municipal effluent and is expected to generate up to 16 megalitres of water per day, which will be pumped to the mine site via a new pipeline. The cost of the plant is already included in the $552 million capital expenditure budget for the mine`s development. Resource Generation has been working for 18 months with the Lephalale Local Municipality in Limpopo Province on plans for the plant. This is a key responsibility that the company has committed to undertake as part of its social and labour plan, which has been submitted with its Mining Right Application for the Boikarabelo mine. Ceenex, an international engineering firm with substantial experience of the water sector, is advising on the project. Before construction begins, Resource Generation and the municipality are required to obtain government approval and finalise contractual arrangements. Sufficient water for stage 1 of the mine is available from groundwater boreholes on the mine properties that the company already owns. Use is subject to receiving an Integrated Water Use Licence which was applied for in January 2011. Paul Jury, Resource Generation`s managing director, said: `This is another significant step in the development of our Boikarabelo mine. The plant will provide sufficient water to meet the medium- and long-term needs of the mine, including after its stage 2 expansion, and importantly it will also provide the local municipality with essential infrastructure and environmental protection. This is the first of many activities we will be undertaking for the Limpopo community.` 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 09:59:01 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.

Share This Story