Resgen seeks additional funding while Boikarabelo delay continues

ASX- and JSE-listed Resource Generation (Resgen) will, this month, table a submission with international commodities group Noble Resources, for the provision of additional funding for the anticipated working capital requirement arising from the development delay in Resgen’s six-million-tonne-a-year Boikarabelo coal mine. Resgen, in March, borrowed another $2.5-million from Noble, bringing the total facility made available to the company to $34.7-million.