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.
02/04/2013
With US$8.5 million raised through a share placement, a loan of up to US123 million secured under a partnership with Asian commodity trader Noble Group, plus a substantial increase in Noble’s off-take contract and Noble appointed supply chain manager and exclusive marketing agent, Resource Generation has de-risked the Boikarabelo mine development even further.
21/02/2013
Resource Generation is moving steadily along the path to production from its Boikarabelo coal project in South Africa with construction started and financial due diligence complete. Importantly, no material issues have been identified that will affect the development or the financing of the mine.
07/01/2013
Resource Generation will continue to advance the development of its Boikarabelo coal mine, securing A$20M in funding from Hong Kong's Noble Group. The company has also snared a 2.5MT offtake deal with Noble and will begin discussions regarding a strategic marketing alliance.
09/10/2012
Resource Generation is well on its way to securing formal credit approval with the mandating of several banks and financiers to provide project debt finance. Once credit approval is obtained, the company will aim to complete a capital raising by mid-December 2012, to enable development of the Boikarabelo mine to begin in January 2013.
22/08/2012
Resource Generation has significantly reduced the estimated capital cost of its Boikarabelo coal mine in South Africa by US$120 million, which in turn will reduce the amount of equity funds required to develop the project. This is a positive step in simplifying the funding and construction phases of stage one of the mine.
19/03/13
Resource Generation provides update on Boikarabelo mine financing21/12/12
Resource Generation inks term sheet for debt financing Boikarabelo coal project13/11/12
Resource Generation reaches port access deal for Boikarabelo11/09/12
Resource Generation shares propelled 41% higher, ASX issues speeding ticket23/08/12
Resource Generation to acquire coal tenements adjacent to Boikarabelo31/07/12
Resource Generation draws closer to coal project finance for Boikarabelo04/05/12
Resource Generation clear for construction at Boikarabelo Coal Mine, South Africa21/02/12
Resource Generation trades higher in recent weeks as stage two at Boikarabelo progresses10/01/12
Resource Generation non executive buys more shares on market09/12/11
Resource Generation agreement secures water for Boikarabelo stage 2
A JORC compliant resource upgrade to 294 million tonnes at the Ntendeka Colliery in South Africa will potentially add to Ikwezi Mining's value upside as it is on the threshold of becoming a coal producer in the September quarter of this year.
The all-scrip takeover offer for Lemur Resources by AIM-listed Bushveld Minerals, at $0.099 values the company at around $19.10 million, and offers a considerable premium of 65.5%.
With a strong domestic coal market, Ikwezi is confident that it has its fundamental structures in place to bring the Ntendeka Colliery in South Africa into production in the September quarter of 2013. An offtake agreement is already in place with Vitol.
Unconventional gas group Leyshon Resources is sitting pretty, with more than enough money to fund its 2013 exploration programme. It is looking for other investment opportunities where it can bring its expertise to bear, but is also contemplating separating its gas and gold businesses.
With the signing of the joint venture to develop blocks in the Surat Basin, International Coal has gained entry into one of the most highly coal-rich region that is prospective for high quality, low ash thermal coal. Significantly, there is an Exploration Target of up to 435 million tonnes.
Lemur Resources’ Imaloto Coal Project now hosts 91% of its resource in the higher confidence Measured and Indicated categories. A clearer indication of the project economics is very close with Lemur having now received a draft version of the Mine Scoping Study.
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