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Boikarabelo Data

Boikarabelo Information

  • General 2015-05-10
    The Boikarabelo coal seam is between 20 and 30 metres below the surface, enabling low-cost, open-cut mining. The seam is between 120 and 130 metres thick, with zones of varying quality thermal and soft coking coal.

Related News

  • Boikarabelo first coal target slips as Resgen aims for March financial close 2016-10-14
    Dual-listed Resource Generation (Resgen) has pushed back the expected date of first coal production from its Boikarabelo mine in South Africa’s Waterberg region, as talks with potential financiers to secure the best funding package continue. The emerging producer in August entered into a R5.52-billion funding agreement with a financing syndicate, including Rand Merchant Bank, the Public Investment Corporation, the Industrial Development Corporation and Noble. It has since been working towards fulfilling the conditions precedent and said on Friday that it hoped to achieve the required internal credit committee approvals by mid-December.
  • Resgen selects preferred mining contractor for Boikarabelo 2016-10-05
    Dual-listed Resource Generation (Resgen) is another step closer to the development of its Boikarabelo coal mine in South Africa’s Waterberg region after signing a heads of agreement with a mining contractor. Boikarabelo mine operating subsidiary Ledjadja Coal this week selected Stefanutti Stocks Mining Services as the preferred mining contractor.
  • ASX: Boikarabelo Project Update 2016-10-03
  • Resgen secures R5.5bn for Boikarabelo 2016-08-08
    Dual-listed Resource Generation (Resgen) has secured R5.52-billion to complete construction of the Boikarabelo coal mine, in Limpopo. The emerging coal miner noted on Monday that Ledjadja Coal, a subsidiary of Resgen, had agreed on the commercial terms with a financing syndicate to secure the funding.
  • Resource Generation scores coup for the Limpopo coalfields with R5.5bn funding package for its Boikarabelo project. http://www.miningmx.com/top-story/27780-resgen-scores-coup-limpopo-r5-5bn-boikarabel 2016-08-08

    Resource Generation scores coup for the Limpopo coalfields with R5.5bn funding package for its Boikarabelo project. http://www.miningmx.com/top-story/27780-resgen-scores-coup-limpopo-r5-5bn-boikarabelo-funding/ …

Nearby Location News

  • African Energy Resources edges closer to development of Botswana power project 2016-03-04

    Cashed up African Energy Resources (ASX:AFR) has signed a term sheet with an as yet unnamed South African investment group to develop an integrated coal mine and thermal power station at its Mmamabula West power project in Botswana.

    The group has a three month exclusive period to negotiate the terms of binding documentation for a joint development agreement for mine‐mouth power generation.

    Mmamabula West provides an opportunity for near term power generation with its 2.47 billion tonnes of resources in two main coal seams.

    Meanwhile First Quantum Minerals increased their interest in the Sese Integrated Power Project in Botswana to 53%, having spent A$1.3 million beyond the initial A$8 million investment on the Sese Project to date.

    First Quantum can invest up to $20 million in the Sese JV.  African Energy's 25% share of additional funding will be loaned to it by First Quantum and carried to commercial production.

    In December African Energy executed a binding share sale deal under which the company’s wholly owned subsidiary, Botswana Energy Solutions Ltd will sell the Mmamantswe Coal and Power project to TM Consulting for US$20 million, subject to certain conditions being met.

    African Energy had cash reserves of $6.6 million in December 2015 and had been undertaking daily share buy- backs to tighten the share register and enhance capital gain prospects for the company.

    African Energy is participating in the development of three large-scale power projects in Botswana, placing it in an enviable position to become a regional power force.



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  • Sibanye concludes WCC due diligence, revised term sheet expected 2016-02-02
    A revised term sheet for Sibanye Gold’s proposed refinancing of Waterberg Coal Company (WCC) is expected to emerge after the gold producer completed its legal, technical and financial due diligence. WCC on Tuesday said in a quarterly update that Sibanye remained “desirous” of the deal; however, it planned to alter the terms proposed in the transaction with Standard Bank noteholders, which held the current funding facility.
  • ASX: Additional Information on Mmamantswe Project Sale 2015-09-21
  • African Energy to sell Botswana assets 2015-07-06
    ASX-listed African Energy has signed a term sheet with a South African project developer to divest of its Mmamantswe coal and power project, in Botswana. Subject to certain conditions precedent, African Energy would sell the Mmamantswe project for an initial sum of $10-million to the developer, which would form a bid consortium to sole fund the preparation and submission of a bid into South Africa’s coal-fired base load independent power producer procurement programme, using the Mmamantswe project.

Boikarabelo News

  • Boikarabelo first coal target slips as Resgen aims for March financial close 2016-10-14
    Dual-listed Resource Generation (Resgen) has pushed back the expected date of first coal production from its Boikarabelo mine in South Africa’s Waterberg region, as talks with potential financiers to secure the best funding package continue. The emerging producer in August entered into a R5.52-billion funding agreement with a financing syndicate, including Rand Merchant Bank, the Public Investment Corporation, the Industrial Development Corporation and Noble. It has since been working towards fulfilling the conditions precedent and said on Friday that it hoped to achieve the required internal credit committee approvals by mid-December.
  • Resgen selects preferred mining contractor for Boikarabelo 2016-10-05
    Dual-listed Resource Generation (Resgen) is another step closer to the development of its Boikarabelo coal mine in South Africa’s Waterberg region after signing a heads of agreement with a mining contractor. Boikarabelo mine operating subsidiary Ledjadja Coal this week selected Stefanutti Stocks Mining Services as the preferred mining contractor.
  • ASX: Boikarabelo Project Update 2016-10-03
  • Resgen secures R5.5bn for Boikarabelo 2016-08-08
    Dual-listed Resource Generation (Resgen) has secured R5.52-billion to complete construction of the Boikarabelo coal mine, in Limpopo. The emerging coal miner noted on Monday that Ledjadja Coal, a subsidiary of Resgen, had agreed on the commercial terms with a financing syndicate to secure the funding.
  • Resource Generation scores coup for the Limpopo coalfields with R5.5bn funding package for its Boikarabelo project. http://www.miningmx.com/top-story/27780-resgen-scores-coup-limpopo-r5-5bn-boikarabel 2016-08-08

    Resource Generation scores coup for the Limpopo coalfields with R5.5bn funding package for its Boikarabelo project. http://www.miningmx.com/top-story/27780-resgen-scores-coup-limpopo-r5-5bn-boikarabelo-funding/ …

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