Resgen coal mine financing halted following lender withdrawal

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...