Transnet Freight Rail (TFR) announced it remains confident of concluding take-or-pay contracts with 36 coal-line customers before the end of its financial year, which concludes on March 31.
”TFR is close to concluding contracts with the entire industry,” Spokesperson Sandile Simelane said to Engineering News Online, without give more information about contracts.
The only deal announced is a ten-year, R24 billion (USD 2 billion) deal with BHP Billiton Energy Coal South Africa (Becsa), signed in September 2014. Under the contract, Transnet will transport some 18 million tons of Becsa coal yearly along the coal export channel to the privately owned Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal (province of South Africa).
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