South Africa’s Transnet has signed a ZAR10B (US$683M) 10-year take-or-pay contract with Ledjadja Coal to transport 3.6 Mtpa of coal from the Waterberg Basin in Limpopo Province to Richards Bay, showing that the Waterberg is finally being opened up.
Transnet has begun operating what it describes as the world’s longest train, a manganese service with 375 wagons, which breaks the parastatal’s own record. The service, which has the ability to carry 23,625t per train, was tested last year.
With Brazil poised to host the five-country BRICS (Brazil, Russia, India, China and South Africa) summit in November, the national focus will again turn to the increased investment by China in the country’s infrastructure projects.
Mining firm Kalagadi has signed a manganese deal with South African transport utility Transnet for rail and port transport, storage and loading, under the latter’s Manganese Export Capacity Allocation (MECA 2) programme.
The South African government has begun negotiations with coal mining firms in an effort to reduce the price they receive for thermal coal from state power company Eskom, which produces most of the country’s electricity from its coal-fired plants.
US-headquartered Cargill, its Ukrainian partner MV Cargo and the state-run Ukrainian Sea Ports Authority have officially inaugurated the Neptune grain terminal at the Black Sea harbour of Pivdenny (formerly Yuzhny).