Additional Information
Market: ASX
Sector: General Mining - Coal
EPIC: RES
Latest Price: A$0.33  (0,00%)
52-week High: A$0.88
52-week Low: A$0.33
Market Cap: A$82.73M
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Resource Generation
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.

Pdf

Resource Generation non-executive chairman increases shareholding

8th Dec 2011, 2:05 am

Resource Generation (ASX: RES) non-executive chairman Brian Warner bought 50,000 shares in the company on-market on 7 December 2011 for a consideration of A$19,450, or $0.389 per share.

Warner now holds 100,000 shares, valuing his shareholding at $39,500 based on the last traded share price.

Resource Generation recently signed a memorandum of understanding with Transnet Freight Rail allowing Resource Generation’s BEE subsidiary, Ledjadja, to haul Boikarabelo coal on a take or pay basis.

Half of the coal will be hauled to export ports with the remaining half to the Mpumalanga Highveld, which is where Eskom’s power stations are located.

The Boikarabelo coal mine is located in the Waterberg region of South Africa, which hosts 744.8 million tonnes of coal on 35% of the tenements under the company's control.

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