Dual-listed coal developer Resource Generation (Resgen) has inked a heads of agreement (HoA) and letter of intent with project house Sedgman for the design, procurement and construction of a coal handling and preparations plant (CHPP) at its Boikarabelo mine, in South Africa.
The agreement provided for a fixed lump sum contract of $141-million, subject to exchange rate fluctuation, with Resgen saying the contract price represented a ‘substantial saving’ over previous estimates as the Sedgman design offered a smaller footprint, while offering an equal production output.
