Resgen making progress at Boikarabelo mine, extends CEO’s contract

Dual-listed Resource Generation (Resgen) has made demonstrable progress on material contracts and funding for the rail link at its Boikarabelo coal mine in South Africa’s Waterberg region in the three months to September 30. The first credit approval for full funding of the link has been obtained from the Development Bank of Southern Africa. The rail link will be built by RME, a subsidiary of Transnet Freight Rail, under a fixed-price, turnkey engineering, procurement and construction (EPC) contract.