Media releases

04 February 2010

Richards Bay Coal Terminal advances global position in world export market

• 32% of new black economic partners are ready to export coal to markets in Europe, the Indian sub-continent and other markets
• 91 Million ton per annum terminal technical commissioning on track for end of Q1 2010

Richards Bay Coal Terminal (RBCT) is on track to reclaim its single largest export coal terminal status in the world by Q2 2010.

On Tuesday, 2 February 2010, Worldwide Coal Carolina was the 5th user to sign an agreement with RBCT and is ready to rail coal.

Just 4 users are in final contract negotiations with RBCT.

"I'm delighted to report that 5 of the 9 new users have now concluded their agreements and am ready to export coal. This represents 32% of the new user tonnage of 15 million tons at a 91 Million ton terminal. 9 million tons per annum of expansion capacity has been offered to new shareholders and commercial users with black economic empowerment priority, while 6 million tons belongs to South Dunes Coal Terminal (SDCT)," says Raymond Chirwa, Chief Executive, Richards Bay Coal Terminal (RBCT).

Chirwa says he expects the final 4 partners to conclude agreements as soon as possible. RBCT is on track to roll out its Phase V expansion from April this year on its existing terminal control computer system.

"I look forward to the finalizing all agreements with all of our new players. Once we are all on the same page, the terminal can concentrate on what it does best, efficient and reliable coal exports service. The increased capacity to 91-million tons a year will consolidate RBCT as the largest single export coal terminal in the world," Chirwa says.

Transnet Rail Freight (TFR) continues to be dogged by non-performance in meeting rail capacity requirements but remains committed to ramp up capacity.

"I remain committed to increase exports several-fold and elevate black players to the centre stage this year and beyond. The reality is that all partners need to come to the party. Yes, there are challenges, but we intend to meet them within the required deadlines," Chirwa says.

Issued by: FD Media & Investor Relations
Ravin Maharaj
+27 11 214 2400
+27 (0) 83 447 5158
On behalf of:
Raymond Chirwa
Richards Bay Coal Terminal (RBCT)