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Coal miner seeks payment from Blumont

Resource Generation says A$22.6m payment for 15% stake not received on due date

IT is one pit after another for mining company Blumont Group. Yesterday, South African coal miner Resource Generation said it was taking action to obtain funds that Blumont has not yet paid the firm. Blumont was to have paid the firm A$22.6 million (S$25.6 million) for a placement of about 102