[miningmx.com] – RESOURCE Generation (Resgen) said it had raised A$185m in its last financial year but added that debt and equity raising for new projects was difficult, according to a report in BDLive.
Commenting in the company’s annual report, published earlier this week, Resgen chairperson, Brian Warner, said weak coal prices since about 2008 had made the company’s task harder.
Resgen needs $530m to build a coal preparation plant, buildings, infrastructure, a rail link and mine equipment for Boikarabelo mine, it said.
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