Resgen Announces Probable Financiers for Boikarabelo construction

- February 27th, 2015

Mining Weekly reported that Resource Generation Ltd. (ASX:RES) has revealed potential financiers for the construction of its $480-million Boikarabelo mine, located in Limpopo.

Mining Weekly reported that Resource Generation Ltd. (ASX:RES) has revealed potential financiers for the construction of its $480-million Boikarabelo mine, located in Limpopo.

As quoted in the market news:

The 745-million-tonne project would include a $200-million coal handling and preparation plant, which would be the largest capital item.

The ASX- and JSE-listed company said it was proposed that if the funding facility proceeded, the existing loans entered into with Noble would become part of the above facility.

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