COAL
South Africa-focused coal miner Resource Generation (Resgen) on Thursday revealed that it was in negotiations with FirstRand Bank, acting through its Rand Merchant Bank division, HSBC Bank - Johannesburg Branch, the Industrial Development Corporation, Noble Resources International and Export Finance & Insurance Corporation regarding a financing facility for the construction of its $480-million Boikarabelo mine, in Limpopo. The 745-million-tonne project would include a $200-million coal handling and preparation plant, which would be the largest capital item.
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