ARCHIVE

ResGen spreads out with RSA land deal

RESOURCE Generation has expanded its flagship Boikarabelo project in South Africa with the acquis...

Justin Niessner
ResGen spreads out with RSA land deal

Coal tenements on the new property are currently owned by Exxaro Resources which has the option to sell ResGen prospecting rights subject to government approval.

The coal tenements in the acquired properties contain an indicated resource of 974.5 million tonnes, excluding shale content, according to exploration results compiled by a consultant to ResGen.

The company says the Kleinpan property, which represents part of the acquisition deal, contains no defined coal resource but will be an ideal location for the two 660-megawatt coal fired power stations which Indian utility provider CESC intends to build.

ResGen managing director Paul Jury said the property deal enabled Boikarabelo to commence its next planned expansion phase.

“The acquisition of the land enhances our ability to expand to stage 2 while the additional coal tenements would deliver ideal mining synergy enabling a continuation of the mine’s strike length in an easterly direction, enhancing efficient mining,” he said.

Resource Generation is developing coal projects in South Africa’s Waterberg region where the company reports a probable reserve of 744.8Mt of coal.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production