State-owned freight logistics group Transnet signed a ten-year take-or-pay coal transport agreement with Resource Generation (ResGen) subsidiary Ledjadja Coal on Thursday, improving prospects for the development of a new R7-billion greenfield coalmine in the Limpopo province. Under the contract, which is valued at R10-billion, Transnet will haul 3.6-million tons of export coal yearly from the proposed Boikarabelo greenfield mine, in Lephalale, to the private Richards Bay Terminal Grindrod (RBTG), in KwaZulu-Natal. Should all the outstanding conditions be fulfilled, the contract will become operational on June 1, 2022.
