News
29 October 2020

Resgen coal mine financing halted following lender withdrawal

In:
Metals and Mining
Region:
Middle East & Africa

Sponsors of a R4.2 billion coal mine in Limpopo, South Africa - Resouce Generation (Resgen) - 51%; Fairy Wing Trading (26%), PIC (10%), IDC (10%) and Nobel (3%) - have put the R3.97 billion financing backing the scheme on hold.Australia-headquartered Resgen has requested a meeting with secured...

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