JSE-listed energy resources company Resource Generation (Resgen) reports that its subsidiary, Ledjadja Coal has entered into nonbinding equity and debt term sheets with Pan African Infrastructure Development Fund 2 SA (PAIDF2SA) and Pan African Infrastructure Development Fund 2 limited liability company (PAIDF2LLC) for the funding of the Boikarabelo coal project rail link.
The 44 km rail link will connect the Boikarabelo coal mine to Transnet Freight Rail’s main rail line.