resgen.com.au
Resource Generation (ASX: RES) is developing one of South Africa’s largest remaining coal deposits, with the company's focos on the Boikarabelo tenements, in the Waterberg region of South Africa.
The strategy for the company is to develop high grade “energy” related resources into viable and competitive mining operations. Accelerated shareholder value will be delivered through the delivery of physical mining activity.
Resource Generation updates market on Mining Right in South Africa
Resource Generation (ASX: RES) has provided more information to the market concerning a Mining Right in South Africa.
The company said that it has been made aware that an appeal has been lodged with the South African Department of Mineral Resources regarding the granting of the Boikarabelo Mining Right to Ledjadja Coal (Pty) Limited.
Importantly - Resource Generation said that the Mining Right remains valid, as the appeal does not suspend the Mining Right.
The appeal has been lodged by three individuals whose farms are located in the area of the proposed mine, the nearest being 13 kilometres away.
The objections raised are of a general nature and are substantially the same as those lodged by the same parties during the public consultation phase of the Mining Right Application process, which were considered in the granting of the Mining Right.
There is a statutory process to be followed and at this stage no formal notification has been received.
Resource Generation is confident that the Mining Right will be confirmed at the end of that statutory process, with the company continuing normal activities to develop the Boikarabelo mine.
