Wednesday, 10 Mar 2010
Reuters reported that a new South African thermal coal export terminal will be built this year at South Dunes near Richards Bay that could start shipments as early as June.
South African industry sources involved in the plans said that two junior coal mining companies have been pushing for the new terminal to be built by the National Ports Authority to enable more small Black Economic Empowerment miners to export their own coal.
The source said that the new terminal will start at a rate of around 1.2 million tonnes per year but this could rise significantly. If South African state rail operator Transnet Freight Rail cannot provide a rail line or trains to move coal to the new terminal, British rail freight company Freightliner is willing to partner with Transnet to do so, the South African sources and Indian coal buyers approached by Freightliner said. It added that "The terminal is going to be built. The National Ports Authority will make an announcement this month.”
International coal traders who have been seeking additional South African coal export capacity could take stakes in the new terminal and have shown interest, the source said. However, exporters and traders shipping from Richards Bay Coal Terminal, the country's dominant port with a capacity of over 70 million tonnes a year, said they were extremely skeptical that any new terminal would be built at South Dunes.
(Sourced from Reuters)
Review: http://steelguru.com/news/index/MTM2MjAz/South_Africa_plans_new_coal_terminal_this_year.html
Reuters reported that a new South African thermal coal export terminal will be built this year at South Dunes near Richards Bay that could start shipments as early as June.
South African industry sources involved in the plans said that two junior coal mining companies have been pushing for the new terminal to be built by the National Ports Authority to enable more small Black Economic Empowerment miners to export their own coal.
The source said that the new terminal will start at a rate of around 1.2 million tonnes per year but this could rise significantly. If South African state rail operator Transnet Freight Rail cannot provide a rail line or trains to move coal to the new terminal, British rail freight company Freightliner is willing to partner with Transnet to do so, the South African sources and Indian coal buyers approached by Freightliner said. It added that "The terminal is going to be built. The National Ports Authority will make an announcement this month.”
International coal traders who have been seeking additional South African coal export capacity could take stakes in the new terminal and have shown interest, the source said. However, exporters and traders shipping from Richards Bay Coal Terminal, the country's dominant port with a capacity of over 70 million tonnes a year, said they were extremely skeptical that any new terminal would be built at South Dunes.
(Sourced from Reuters)
Review: http://steelguru.com/news/index/MTM2MjAz/South_Africa_plans_new_coal_terminal_this_year.html
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