Exxaro agrees on 10-year coal transportation deal with Transnet

Exxaro agrees on 10-year coal transportation deal with Transnet

JOHANNESBURG – South African diversified miner, Exxaro Resource, on Tuesday signed a 10-year coal export transportation agreement with the country’s state-owned logistics company, Transnet, in a bid to increase coal volumes from Waterberg to Richards Bay Coal Terminal. Over 50 percent of South Africa’s remaining reserves lie in the Waterberg coalfields, a 3,500km2 expanse of Limpopo that stretches into Botswana and hosts almost 76 billion tonnes of in-situ inferred resources in 11 coal-bearing zones. Exxaro said the agreement with Transnet will allow for the transportation of a total of 7.8 million…

Read More