Majuba rail line underway

Resgen has revealed that talks are underway to secure funding for its Boikarabelo mine in Limpopo Province of South Africa.

South Africa’s Transnet Freight Rail (TFR) has announced another achievement, breaking its monthly record for the amount of coal it transports to RBCT. TFR carried 7.46 Mt in August, a long way ahead of its previous best. Alan Waller, CEO of RBCT, said: “This is a major milestone, as it is the first time in 41 years of RBCT operation that we have offloaded more than 7 Mt per month.” It will be interesting to see if this high level of performance can be sustained over the months ahead.

In early October, Exxaro announced that it has signed a 10-year transport agreement with Transnet to carry 7.8 Mt of coal on the Lephalale line from the Waterberg Basin to Richards Bay Coal Terminal (RBCT). The deal is expected to trigger a big increase in output at Exxaro’s Grootegeluk mine, and the company’s CEO, Mxolisi Mgojo, said that it will invest ZAR10B (US$711M) in the area over the next five years.

South African mining companies face further uncertainty after the government suspended its revised Mining Charter less than a month after finalising it. The Minister of Mines, Mosebenzi Zwane, said that changes to the Charter would not be enforced until an appeal by the Chamber of Mines is heard by the High Court.

Coal haulage companies have blockaded power plants owned by Eskom, because the company has decided not to renew some coal purchase contracts.

Coal haulage companies have blockaded power plants owned by Eskom, because the company has decided not to renew some coal purchase contracts. The state power company said that renewables are displacing coal-fired capacity. The protests followed an earlier blockade around the national capital, Pretoria, in March. Eskom opposes the government’s switch towards renewables, arguing that electricity from wind and solar power schemes is too expensive and unreliable.