Johannesburg, South Africa, 5 Oct – Coal of Africa ltd (CoAL) and South Africa’s railways plan to increase, by 2013, the amount of coal exported via the port of Maputo from 2 million tonnes currently, to 10 million tonnes.
At a conference held in Sandton, a suburb of Johannesburg, officials from CoAL and Transnet Freight Rail, a division of South Africa’s railway company, announced they were “willing to move ahead with an ambitious plan to increase the capacity of the corridor and the coal terminal at Matola, in order to distribute production from new mines,” opened in the north and northeast of South Africa.
Fuzile Magwe, managing director of Transnet, noted that “the rise in amounts of coal exported by the port of Maputo is a critical growth area and ideal for creating public-private partnerships.”
During the conference, the financial director of CoAL, Blair Sergeant said that the company had already invested US$35 million in the Maputo Corridor, and that production at the new Mooiplats mine, recently opened in the northeast of the country, had to be exported via Mozambique.
An area that has yet to be defined for the economic agents that use the Maputo Corridor rather than the port of Richards Bay, in Kwazulu-Natal province, which has the largest coal processing terminal in Africa, but is much further from the northern provinces than Maputo, is the source of financing for new freight cars to operate between South Africa and Matola.
An agreement that is under discussion outlines that CoAL could provide the necessary funding for construction, by Transnet, of a new fleet of special freight cars to transport the additional 8 million tonnes of coal to the Matola terminal. (macauhub)