Mozambique: South African company funds expansion of Matola terminal

29 January 2009

Johannesburg, South Africa, 29 Jan – South African mining group Coal of Africa (CoAL) said Wednesday it would fund the expansion of the Matola terminal in Maputo, thus securing in exchange usage rights for exporting coal.

“As well as the current plans for expanding Matola, a feasibility study is underway to [increase the terminal’s storage capacity by] a further 10 million tonnes per year,” the company said in a statement.

“Given that the company also has rights over this additional capacity, CoAL can secure a total of 13 million tonnes of export capacity at the Matola terminal,” it added.

CoAL gave no indication of the investment that would be made in the project.

The company also noted that Transnet Freight Rail would transport 1 million tonnes of coal per year to Matola, under the terms of an agreement between the two companies. (macauhub)

MACAUHUB FRENCH