Resource Generation (ASX: RES) is developing one of South Africa’s largest remaining coal deposits, with the company's focos on the Boikarabelo tenements, in the Waterberg region of South Africa.
The strategy for the company is to develop high grade “energy” related resources into viable and competitive mining operations. Accelerated shareholder value will be delivered through the delivery of physical mining activity.
Resource Generation (ASX: RES) has received final approval from JSE Limited to proceed with its secondary listing on the Johannesburg Stock Exchange which will commence on 14 July 2010.
Paul Jury, managing director, said "the secondary listing on the JSE is a further step in the development of the Boikarabelo Project providing South African investors easier access to participate in the project and improves the company’s flexibility in pursuing its strategies."
Including the Waterberg One coal tenements, the entire Boikarabelo project contains 603.3 million tonnes of probable reserves plus an indicated resource of 569.5 million tonnes plus an inferred resource of 1.7 billion tonnes.