Media releases
10 May 2007
Richards Bay Coal Terminal Company Limited
announces successful applicants in the phase V expansion (9Mt/a)
Today, 10 May 2007, Richards Bay Coal Terminal Company Limited (“RBCT”)
announced the final results of the adjudication process of tenders in respect of
9 million tons of coal export throughput capacity that will be made available on
completion of the Phase V expansion.
The Phase V Expansion will increase the capacity of RBCT by 19 million tons
per annum, from the current design capacity of 72 million tons per annum to 91
million tons per annum.
Allocation of the expansion volume:
- 9 million tons per annum of the expansion capacity was open for tender with
specific emphasis on black economic empowerment (“BEE”) in order to facilitate
the transformation of the South African coal export industry.
- Special provision was made to encourage a new generation of coal exporters
by earmarking 4 million tons per annum for emerging BEE exporters.
- South Dunes Coal Terminal Company (Pty) Limited (“SDCT”), a BEE-controlled
company, will take up 6 million tons per annum of the expansion which was funded
by it.
In a joint presentation by Alexander Forbes Risk Management Services (“the
Independent Adjudicator”) and RBCT Management the results were presented to the
Directors at an RBCT Board meeting this morning. Applicants were also
subsequently advised as to the outcome of the process in respect of their
applications.
In the final analysis of the process:
- 51 sets of application documents were issued
- 26 completed applications were received
- 26.85 million tons per annum of export coal allocation was applied for
- of the 26 completed applications, 18 met all the pre-qualification criteria,
accounting for 19.05 million tons per annum of export coal allocation
Final outcome:
- 8 successful applicants
- 6 of the 8 applicants as shareholders (8.15 million tons per annum)
- 2 of the 8 applicants as long term commercial users (0.85 million tons per
annum)
- 7 of the applicants are linked to existing Quattro users
- 3 of the applicants are associated with existing RBCT shareholders
The successful applicants are summarized as follows:
|
Applicant Name |
Application Mtpa |
Mode of Access |
|
Yomhlaba Resources Limited |
0,50 |
Shareholder |
|
Mbokodo Mining (Pty) Limited |
0,50 |
Long term commercial user |
|
Umcebo Mining (Pty) Limited |
1,00 |
Shareholder |
|
ARM Coal (Pty) Limited |
3,20 |
Shareholder |
|
Tumelo Coal Mines (Pty) Limited |
0,60 |
Shareholder |
|
Mmakau Mining (Pty) Limited |
0,35 |
Shareholder |
|
Exxaro Coal (Pty) Limited |
2,50 |
Shareholder |
|
Worldwide Coal Carolina (Pty) Limited |
0,35 |
Long term commercial user |
A positive spin-off from the above result is that Quattro users migrating to
a combination of Shareholding and Commercial User arrangements will free up 1
million tons per annum in the Quattro allocation. This volume will be made
available to emerging BEE exporters post Phase V commissioning date.
Asked whether the process had achieved its original objectives: Kuseni
Dlamini. Executive Chairman responded that . "The outcome of the process is
firmly in line with our vision of enabling as many BEE players as possible to
have access to the global coal market. We believe this will contribute to South
Africa's growth and development while enabling South Africa to increase its
share of the global coal market. The process undertaken is the first clear
indication of what the real South African coal export capacity demand is and
this has definitely exceeded our expectations."
FOR FURTHER INFORMATION PLEASE CONTACT:
Zama Luthuli
Corporate
Affairs Manager
Tel: (035) 904 4911
Fax: (035) 783 7608
Cell: 083
399 3111
Email:zluthuli@rbct.co.za
ON BEHALF OF:
Kuseni Dlamini
Executive Chairman
Richards
Bay Coal Terminal Company Limited
ABOUT RICHARDS BAY COAL TERMINAL COMPANY LIMITED
Richards Bay Coal Terminal Company Limited is the single largest coal export
terminal in the world. The organisation, formed in 1976, is a collaborative
effort by Anglo Operations Limited, Eyesizwe Coal (Pty) Limited, BHP Billiton
Energy Coal South Africa Limited, Kangra Coal (Pty) Limited, Sasol Mining (Pty)
Limited, Total Coal South Africa (Pty) Limited and Xstrata South Africa (Pty)
Limited, to own and operate the high volume rapid loading facility envisaged for
export coal. |