Coal of Africa (CoAL) announced on Wednesday that it has agreed a deal with Transnet Freight Rail to transport one million tonnes a year of coal to the Matola dry-bulk terminal in Maputo, Mozambique.
CoAL, which has rights of up to 100 percent of any increased capacity at the Matola Terminal, also said it would provide funding for the proposed expansion to a capacity of 3 million tonnes per annum (Mtpa). The expansion is due to be completed by August 2010.
In addition, a feasibility study for a further 10 Mtpa increase in capacity is now underway.
"Given that the company also has the rights to this additional capacity, CoAL may secure a total of 13 Mtpa export capacity via the Matola Terminal" said CoAL MD Simon Farrell.
This would enable CoAL to deliver significant volumes of coking coal to global and domestic markets, he said.
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