Boikarabelo Coal Mine, Limpopo
Description: The Boikarabelo coal project is located in the Waterberg area of the Limpopo Province. Boikarabelo has probable reserves of 744.8 million tonnes of coal – an increase of 108.8 million tonnes, making it one of the largest remaining coal deposits in the country. The Boikarabelo coal seam is between 20 metres and 30 metres below the surface, enabling low-cost, open-cut mining. The seam is between 120 metres and 130 metres thick, with zones of varying quality thermal and soft-coking coal. Phase 2, planned for 2018, will involve ramping up production to 20 million tons of product coal. The estimated capital cost for the project is $480 million.
Value: R 100 million+
Timing: First coal production is expected in the first quarter of 2019.
Notes: Resgen said it had experienced a slight delay in financial close of the project. The mid-December approvals target represents a “slight slippage” in Resgen’s preferred timeline to develop the mine, but the company said that, if achieved, it meant financial close would likely be reached by March 2017, with the Boikarabelo mine producing its first coal in the first quarter of 2019.
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