Resgen

ASX-listed Resource Generation, or Resgen, and its subsidiary Ledjadja Coal will aim to meet the conditions precedent for financial close for the mine funding package for development of the Boikarabelo mine by mid-October.

Resgen has been granted an extension by the lenders for the funding of the construction of the Boikarabelo coal project in South Africa.

Resgen is monitoring the macro economic impacts of COVID-19 on the Boikarabelo Coal Mine Project such as foreign exchange and interest rates.

JSE and ASX-listed Resource Generation, or ResGen, who has yet to develop its Boikarabelo coal mine in the Limpopo province’s Waterberg coalfield in South Africa has been hit by another funding delay.

JSE- and ASX-listed Resource Generation (Resgen), who is developing the Boikarabelo coal mine in the Waterberg region of South Africa, said on Thursday that Shinto Torii, Noble Resources International and Public Investment Corporation (PIC),...