Resgen says IDC resolves not to grant extension for Boikarabelo coal funding

Owing to delays in satisfying certain conditions precedent to reaching financial close for first drawdown under the mine funding package for the construction of the Boikarabelo coal project, dual-listed Resource Generation (Resgen) has been trying to secure formal sign off of the extension of the common terms agreement. On December 5, 2019, Resgen announced that, along with its majority owned subsidiary, Ledjadja Coal, it had executed principal binding agreements for the funding of the construction of Boikarabelo.