Resource Generation Limited, or Resgen was founded in Australia in 1993 and operated under the name of Comdek Limited until the company changed its name to Resource Generation in 2008. Resgen is a coal mining company that owns a defined coal reserve in the Waterberg area of Limpopo, South Africa. The company has offices in Johannesburg, South Africa and Brisbane, Australia. The company got listed on the Australian Stock Exchange (ASX) in 2006 and on the Johannesburg Stock Exchange (JSE) in 2010.

Resgen’s main focus is to develop the Boikarabelo Coal Mine in the Waterberg area. The company has already secured all of the relevant permits to develop and operate an opencast coal mine in the region.

The company has been developing the Boikarabelo Coal Mine through its operating subsidiary, Ledjadja Coal (Pty) Ltd. Up to date the company has secured surface rights through the acquisition of 16 farms, mining rights for the reserve, as well as water and power supply for the proposed mine.

Resgen plans to lessen the mine’s environmental footprint by implementing an “in-pit” dumping strategy, where they backfill the mine pit by dumping waste generated from mining into those areas of the mine that has been mined out. The company is in the process of developing a detailed geological model of the coal reserve. Once this model is complete, they will be able to maximise the coal resource, so as to extract as much coal as possible to make a profit. The first phase of operation is set to start in 2025 and in this first phase, the company expects to produce roughly 6 million tonnes of saleable coal per annum. According to their forecasts the Boikarabelo Coal Mine, once it is fully in operation in 2025, will produce around 12 million tonnes of coal per annum. Once the Boikarabelo mine is in action, it can be a key driver in the South African Government’s Strategic Infrastructure Project (SIP1) to unlock the northern mineral belt, with the Waterberg Coal field at its centre.

Once the mine is in operation, the company will be able to provide local people with job opportunities. Resgen places emphasis on sourcing services from local communities, so the completion of the Boikarabelo mine will be of great value to the economy of the Waterberg area.
The company takes the health and safety of their employees seriously and as such will have stringent regulations in place to ensure that the Boikarabelo staff will work in a safe environment.

South Africa’s main source of energy is coal and even though there are plans to move to cleaner energy sources, the country will still need to burn coal until the solar farms and wind farms are operational. Mpumalanga has some of South Africa’s best agricultural soils, and as such coal mining companies face more difficulties in obtaining mining rights for the Witbank coal fields. Therefore, exploiting the Waterberg coal fields in Limpopo will give South Africa’s economy a good boost.

Equity Issuer

Mining

Coal exploration and development

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