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RSG - Resource Generation Limited - Update regarding Mining Right

Release Date: 18/08/2011 10:47
Code(s): RSG
Wrap Text

RSG - Resource Generation Limited - Update regarding Mining Right Resource Generation Limited (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") Update regarding Mining Right Resource Generation Limited has been made aware that an appeal has been lodged with the South African Department of Mineral Resources regarding the granting of the Boikarabelo Mining Right to Ledjadja Coal (Pty) Limited. The Mining Right remains valid, as the appeal does not suspend the Mining Right. The appeal has been lodged by three individuals whose farms are located in the area of the proposed mine, the nearest being 13km away. The objections raised are of a general nature and are substantially the same as those lodged by the same parties during the public consultation phase of the Mining Right Application process, which were considered in the granting of the Mining Right. There is a statutory process to be followed and at this stage no formal notification has been received. The Company is confident that the Mining Right will be confirmed at the end of that statutory process. The Company is continuing its normal activities to develop the Boikarabelo mine. This announcement was released on the ASX on 12 August 2011. Sydney, Australia 18 August 2011 Contacts Paul Jury, Managing Director on (02) 9376 9000 or Steve Matthews, Company Secretary on (02) 9376 9000 JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited Resource Generation has coal interests in South Africa and Tasmania. Its current priority is to develop its planned Boikarabelo mine in the Waterberg region of South Africa where there are probable reserves of 744.8 million tonnes of coal on 35% of the company`s tenements. Date: 18/08/2011 10:47:48 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.

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