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RESOURCE GENERATION LIMITED - Mobile Equipment Funding

Release Date: 20/08/2014 08:25
Code(s): RSG     PDF:  
Wrap Text
Mobile Equipment Funding

Resource Generation Limited
Registration number ACN 059 950 337
(Incorporated and registered in Australia)
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the “Company”)

                              Mobile Equipment Funding
As part of the debt funding for the Boikarabelo project, Resource Generation has signed a
loan facility of up to US$113 million for the mobile equipment fleet for the project with
Komatsu Financial Limited Partnership. The term is for five years from the first
utilisation date. Resource Generation will be purchasing the equipment from Komatsu
Southern Africa Pty Ltd. There are a number of conditions precedent for the loan
including signing of the sale agreement for the equipment, registration of security over
the equipment and the signing of the balance of the debt required to complete project
construction.

Paul Jury, Managing Director said: ‘this agreement represents several important elements
for the project. It not only secures the funding required for the mining fleet for stage one
of the Boikarabelo Mine development but also establishes a key partnership for further
mine expansion to occur. The transaction clears the way for final infrastructure designs
and refines training and maintenance processes. In addition it provides clarity in relation
to negotiations for remaining debt.’



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

Sydney
20 August 2014

JSE Sponsor
Macquarie First South Capital Proprietary Limited

 Resource Generation is developing the Boikarabelo coal mine in the Waterberg
 region of South Africa, which accounts for 40% of the country’s remaining coal
 resources. There are probable reserves of 744.8 million tonnes of coal on 35% of
 the tenements under the company’s control (refer ASX announcement dated
 16 December 2010). Stage 1 of the mine development targets saleable coal
 production of 6 million tonnes per annum.




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