Sydney, Australia — 08 May 2012 – Australian mining development company Resource Generation (ResGen) “’ listed on the Australian Stock Exchange and the JSE “’ says it has been granted a water use licence for its proposed Boikarabelo mine in South Africa, the final step before proceeding towards production.
Miningmx reports that, in announcing this in a statement released here, the company revealed that in addition, a previous appeal over the project’s mining right had been dismissed by the Department of Mineral Resources.
“This water licence enables the mine to conduct all activities for stage 1 of planned production, and to utilise its bore field,” read the company statement.
“An agreement was previously signed with the Lephalale local municipality in Limpopo Province, securing the water required for Stage 2 of planned production.”
Said Paul Jury, MD of ResGen: “The integrated water use licence is the last piece of the regulatory jigsaw puzzle required for mine construction and commencement of Stage 1 production to proceed.
“Along with this major licence, removal of the mining right appeal establishes a clear path to securing funds for project construction,” he added.
Source: Miningmx. For more information, click here.