Resgen seeks alternative funding not linked to coal contract

ASX- and JSE-listed Resource Generation (Resgen) is working on securing an alternative funding source – not linked to committed domestic coal supply – for the development of its Boikarabelo coal mine. In a shareholder update published Friday, Resgen explained that considerable progress had been made in finalising all material contracts and funding of the rail link; however, the terms of the proposed coal supply to State-owned power utility Eskom had not been secured.