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Resgen adopts new execution strategy

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World Coal,

ASX-listed coal company Resource Generation has adopted a new execution strategy for development of its Boikarabelo coal mine in the Waterberg region of South Africa, following a review by the technical committer established by the board of directors in December 2015.

According to the company’s quarterly report for the three months ending 30 July, a new mining plan has been developed that will “maximise recovery of the coal deposit by mining all seals and minimise out-of-pit dumping of waste”. The company is now focused on preparing the project for the first EPC contractors in 4Q16.

The new strategy also calls for the company to de-risk through the appointment of EPC contractors for the construction of the mine and preparation plant.

The company put out a request for information to seven mining contract companies in March with a request for a proposal sent to a shortlist of three at the beginning of June. The appointment of a mining contractor is expected during July.

Sedgman was appointed as the contractor for the procurement and construction of the coal handling plant in May.

The Boikarabelo coal project area contains probable reserves of 744.8 million t. Stage 1 on the mine development targets saleable coal production of 6 million tpy. The company is also investigated the potential for a coal-fired mine mouth power plant of up to 600 MW.

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