Beacon Hill enters ten-year coal transport lease
JOHANNESBURG (miningweekly.com) – ASX- and Aim-listed coal junior Beacon Hill Resources said on Friday that it had agreed to lease rolling stock for the bulk transport of coal along Mozambique’s Sena railway line from South African joint venture company Thelo Rolling Stock Leasing.
Thelo Leasing would provide Beacon Hill’s Mozambique-based Minas Moatize mine access to five locomotives and 90 coal wagons for a ten-year period.
Thelo Leasing is a 50:50 partnership between the Thelo Rolling Stock Partnership and South Africa’s Industrial Development Corporation.
RRL Grindrod Locomotives was appointed as the rail services operator responsible for the mine’s day-to-day train operations, Beacon Hill MD Rowan Karstel said in a statement.
Pending the start of rail operations in the third quarter of 2013, the mine would continue to transport coal by road to the Port of Beira.
The group was currently aligning its ramp-up of export production with the company’s expected rail capacity on the Sena rail line, which was still to be allocated by Portos e Caminhos de Ferro de Moçambique.
The lease agreement remained subject to conditions.
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