Resource Generation Gets Mining Rights for South African Project

4 April 2011 (Last Updated April 4th, 2011 18:30)

Resource Generation's Ledjadja joint venture has received mining rights for a period of 30 years for the Boikarabelo mine from the South African Department of Mineral Resources. The Boikarabelo mine, in the Waterberg region of South Africa, contains 744.8 million tonnes of coal reserve

Resource Generation's Ledjadja joint venture has received mining rights for a period of 30 years for the Boikarabelo mine from the South African Department of Mineral Resources.

The Boikarabelo mine, in the Waterberg region of South Africa, contains 744.8 million tonnes of coal reserves on 35% of the firm's tenements.

The total capital expenditure budget allocated for the mine development is about $552m.