Resgen completes infrastructure projects at flagship mine
JOHANNESBURG (miningweekly.com) – Junior coal miner Resource Generation (Resgen) on Friday reported that it had completed several infrastructure projects at its Boikarabelo mine, in the Waterberg region, during the half-year to December 31.
This included power supply infrastructure, rail installation at the network stabilisation facility (NSF) and a 13-km-long water pipeline for the effluent treatment plant.
EHL Energy erected power poles and transmission lines for the 132 kV power supply, as well as the substation and switch room.
Resgen also installed and commissioned a 26 t axle load switch and signalling system at the NSF, as well as 400 m of rail that enabled the rest of the railway line system to access the mine for construction purposes.
Meanwhile, negotiations with various parties that would provide project finance for the construction of the Boikarabelo mine, including a club of potential financiers, continued during the period.
However, the process of reaching an agreed term sheet had been protracted owing to the variable nature of the envisaged loan structure and the need to maintain deliverable outcomes within the prevailing debt and coal markets.
It was proposed that if this facility went ahead, the existing loan from Noble Group would become part of the above facility.
Resgen expected the project finance to provide all the required funding that remained for the mine construction. While this process was ongoing, the company continued to explore alternate debt funding arrangements to increase the chance of finalising the successful development of the mine.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
