Resgen’s Boikarabelo mine nears completion as hunt for funding advances

Coal hopeful Resource Generation (Resgen), which has recently emerged from an extensive board overhaul that saw it lose several senior executives and members of its Sydney-based office, continues to advance the final stages of construction of its flagship Boikarabelo mine, in Limpopo, while concurrently advancing its hunt for additional funding, the company said this week. Updating the market on events during the quarter ended December 31, the group reported that construction of the bulk transformer yard and substation, which was separately funded by a deferred payment facility, had been successfully commissioned by energy provision specialists EHL Energy, with connection to the Eskom power grid scheduled for July.