Resource Generation Ltd : Development consent received
03/22/2012| 10:17pm US/Eastern
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ASX: RES
23 March 2012
ASX Release
NEMA approval received
Resource Generation Limited has received approval under the
National Environmental Management Act (NEMA) for construction
activities at its Boikarabelo mine. The approval enables the
company to construct the mine, all the required mine
infrastructure and the associated 36 kilometre rail link to
the existing rail network.
This environmental authorisation was given by the Limpopo
Department of Economic
Development, Environment and Tourism (LEDET).
Paul Jury, managing director, said: 'We are very pleased to
receive our development consent, which is the culmination of
15 months' close liaison and work with LEDET. As a life of
mine approval, it clears a major milestone to ensure the long
term value that the Boikarabelo mine can provide to all
stakeholders and the local community.
Once we have received our Integrated Water Use Licence and
signed a contract with Transnet Freight Rail, we will then be
able to proceed to finalise funding for project construction
to commence.'
Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000
Media enquiries
Anthony Tregoning (02) 8264 1000
Resource Generation is developing the Boikarabelo coal mine
in the Waterberg region of South Africa where there are
probable reserves of 744.8 million tonnes of coal on 35% of
the tenements under its control. Stage 1 of the mine
development targets saleable coal production of 6 million
tonnes per annum.
Resource Generation Limited (ACN 059 950 337) www.resgen.com.au
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61
2 9376 9013
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This press release was issued by Resource Generation Limited and was initially posted at http://clients.weblink.com.au/clients/ResourceGeneration/article.asp?asx=RES&view=2672436 . It was distributed, unedited and unaltered, by noodls on 2012-03-23 04:09:33 AM. The issuer is solely responsible for the accuracy of the information contained therein.
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