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

RESOURCE GENERATION LIMITED - ResGen appoints Chief Operating Officer

Release Date: 03/06/2016 07:37
Code(s): RSG     PDF:  
Wrap Text
ResGen appoints Chief Operating Officer

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
(“Resource Generation” or the “Company”)


                                                  ResGen appoints Chief Operating Officer

                      “Another positive step towards bringing the Boikarabelo Mine to completion”

03 June 2016

Johannesburg, 03 June 2016: Resource Generation Limited (ResGen), an emerging ASX and JSE-listed coal
producer, is pleased to announce the appointment of Zirk van Der Bank as chief operating officer of its
operating subsidiary, Ledjadja Coal.

Mr van Der Bank is an experienced mining engineer with more than 20 years' experience in the coal mining
industry. He has held a range of supervisory and management positions at Sasol Mining, Moolman Mining,
Shanduka Coal and Glencore Coal SA.

Rob Lowe, ResGen chief executive officer, said: “This appointment is another positive step towards the
strengthening of our owner’s team and bringing the Boikarabelo Mine into the final construction phase. As we
develop a new-generation coal mine, Zirk’s project and operational experience will be vital to ensure that the
project is completed on time and within budget.”



About Resgen:

Resource Generation Limited (ResGen) is an emerging ASX and JSE-listed coal producer, currently developing
the Boikarabelo Coal Mine in South Africa’s Waterberg region. The Waterberg accounts for around 40% of the
country’s currently known coal resources. The Company has reported Probable Reserves of 744.8 million
tonnes* of coal on 35% of the tenements under the Company’s control. Stage 1 of the mine development
targets saleable coal production of 6 million tonnes per annum.

Substantial progress has been made with regard to securing Boikarabelo’s project funding. Rand Merchant
Bank has been appointed lead arranger and work on a new base case financial model and term sheet has
begun, based on the recommendations of ResGen’s Technical Committee.

ResGen’s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble Group and
Altius Investment Holdings.

Resource Generation Limited (ACN 059 950 337)
c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068
GPO Box 126, Albion QLD 4010. Phone +61-2-9376 9000 Fax +27 (012) 345 5314                    www.resgen.com.au
For further information please contact:

Mike Meintjes, Company Secretary on mmeintjes@resgen.com.au or +61 413 706 143



Media enquiries:

Australia: Martin Debelle on + 61 282 340 102

South Africa: Charmane Russell/Thembisa Kotobe on +27 11 880 3924

JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd




                                                                                 PAGE 2

Date: 03/06/2016 07:37:00 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