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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
04 April 2025

Traders take on assets as commodity volatility fades

Commodity traders reaped substantial profits off the back of market volatility in 2022 and 2023. With their war chests armed, they pursued a policy of diversification – across...

Perspective
14 April 2025

Atishoo: Non-bank trade finance trio catch a cold

The trade finance industry has suffered a trio of ailments since the end of 2024 with the shuttering of three different non-bank lenders. While the circumstances across the...