First ‘black’ coal shipped from Richards Bay
Oct 27, 2003
The first consignment of ‘empowerment’ coal from Ilanga Mine was loaded into the Capesize vessel Gladiator at berth 305 in Richards Bay at the weekend (Sunday 26 October). The vessel also loaded several additional parcels of coal for other Richards Bay Coal Terminal (RBCT) shareholders.
The significance of this 52,000 tonne shipment is that it is the first shipment of coal by a new Black Economic Empowerment (BEE) entrant into the South African coal export market through the RBCT.
This is in line with a recent agreement in which RBCT agreed to make one million tonnes of capacity available annually on a pro rata basis to non-shareholding BEE mining companies from the Richards Bay port, opening up several small BEE mining operations to the world market in the process.
The RBCT terminal is a privately owned facility with shareholders Ingwe Collieries Ltd, Anglo Operations Ltd, Xstrata SA (Pty) Ltd, Total Coal SA (Pty) Ltd, Sasol Mining (Pty) Ltd, Kangra Coal (Pty) Ltd and Eyesizwe Coal (Pty) Ltd.
Further shipments are planned for export during November.