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RR1:AU
Rights Issue and Shortfall
Resgen Announces Probable Financiers for Boikarabelo construction
Feb. 27, 2015 08:15AM PST
Industrial MetalsMining 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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