Resgen seeks to raise P4,2bn for Waterberg coal mine

JOHANNESBURG - Australian-miner Resource Generation (Resgen) yesterday listed on the JSE in an effort to gain access to the South African markets in raising finance for its coal project in the Waterberg region.

Resgen, which has a primary listing on the ASX, planned to start production at its Boikarabelo project in Limpopo as early as 2013.

Speaking to Mining Weekly Online at the listing event, Resgen MD Paul Jury said that the company planned to raise an initial R4,5-billion(P4,2-billion) in project financing, which would consist of 60% debt and 40% equity finance.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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