Resource Generation Ltd : Water use licence received and mining right appeal dismissed
05/04/2012| 02:29am US/Eastern
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ASX: RES
4 May 2012
ASX Release
Water use licence and dismissal of mining right appeal clear
the way for Boikarabelo construction
Resource Generation Limited has today received confirmation
of two significant developments which clear the way for
construction of its Boikarabelo mine in the Waterberg region
of South Africa to proceed.
The company has received an Integrated Water Use Licence
governing all aspects of water use at the mine. This enables
the mine to conduct all activities for stage 1 of planned
production and to utilise its borefield.
Ledjadja, the company's BEE subsidiary, acknowledges the
assistance and cooperation of the Department of Water Affairs
in issuing this licence and Ledjadja looks forward to working
with the Department to obtain the licences required for
development of the Marapong Boikarabelo Effluent Treatment
(MBET) scheme and the Boikarabelo mine power station. An
agreement for the MBET scheme was previously signed with the
Lephalale Local Municipality in Limpopo Province, securing
the water required for stage 2 of planned production.
In addition, the Department of Mineral Resources has written
to Ledjadja advising that the appeal against its mining right
has been dismissed and finalised.
Paul Jury, managing director of Resource Generation, said:
'The Integrated Water Use Licence is the last piece of the
regulatory jigsaw puzzle required for mine construction and
commencement of stage 1 production to proceed. Along with
this major licence, removal of the mining right appeal
establishes a clear path to securing funds for project
construction.
'It is pleasing that the Boikarabelo project has now received
support from all major regulatory bodies, signifying the
benefit that this major project brings to the Limpopo region
of South Africa. Completion of a rail haulage contract with
Transnet is the remaining major hurdle to enable Resource
Generation to finalise funding for project development.'
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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