RESOURCE GENERATION LIMITED - Resource Generation obtains US$55.3 million loan for the rail link

Resource Generation obtains US$55.3 million loan for the rail link

Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 059 950 337
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the “Company”) 


ASX Release

Resource Generation obtains US$55.3 million loan for the rail link

Resource Generation has signed a binding term sheet for a US$55.3 million loan facility,
with Noble Resources International Pte Ltd, a wholly owned subsidiary of the Noble
Group (Noble), which will be used for construction of the Boikarabelo rail link.

The 38 kilometre rail link from the Boikarabelo mine to the existing Transnet Freight
Rail network is one of the longer lead time items for the construction of the mine. The
loan will have a term of 8 years and will begin to be drawn down and construction
commence as soon as possible. Security will be granted over the rail link and associated
servitude rights.

Paul Jury, managing director, said: ‘Commencing the rail link is a major catalyst for the
construction of the Boikarabelo coal mine. The loan enabling the works is also another
innovative example of our efforts to finance construction and mitigate completion risk.
The knock-on effect of this construction activity is significant in terms of physical site
establishment as well as providing a stimulus for further funding of the remaining
construction.

It complements action already undertaken with respect to mobile equipment and material
handling leveraged funding, in addition to the continuing negotiations with ten banks for
project finance.’

By agreeing to this rail link loan facility, the parties have agreed to reduce the existing
loan facility of US$123 million by US$55.3 million to US$67.7 million. The other terms
of the existing loan facility, which was announced on 2 April 2013, remain the same.

Noble is a global supply chain manager of agricultural and energy products and metals,
minerals and ores. Noble is listed in Singapore (SGX: N21) and operates from over 140
locations.

Sydney
28 June 2013

JSE Sponsor:
Macquarie First South Capital (Proprietary) Limited


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


 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.


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

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