transnet update

19 October 2011
ASX Release
Transnet Update
Resource Generation notes the report in the South African Coal Report (SACR), which
was published late yesterday by Energy Publishing Pty Limited. The SACR states that:
‘Transnet is putting the finishing touches to a memorandum of understanding (MOU)
with Resource Generation, providing comfort of coal haulage for the Boikarabelo
project’.
The SACR quotes an interview with Brian Molefe, the CEO of the Transnet Group
stating: ‘an agreement would be finalised by the end of the week’. The SACR further
quotes Divyesh Kalan, the GM Transnet Group Commercial, who stated: ‘it’s somewhere
between providing comfort and a guarantee’.
Resource Generation confirms it has been in negotiations with Transnet and an MOU has
been signed by its subsidiary, Ledjadja. It is awaiting confirmation from Transnet that it
agrees to the MOU and will sign it. Once agreement and Transnet’s signature is received,
the market will be informed of the major terms of the MOU.