Friday, 12 Aug 2011
Beacon Hill Resources said that it is confident of making progress in its talks to secure crucial rail infrastructure so that it can export larger volumes of coal from the Minas Moatize mine in Mozambique.
In June Beacon Hill began producing coal from the open pit at the Minas Moatize mine in Mozambique’s Tete province. It is now preparing to make its first export shipment later this year by trucking produced coal to the port of Beira.
The company is continuing its negotiations regarding the Sena Rail Line. Meanwhile the consistency of the 574 kilometres of track between Minas Moatize and the port of Beira is currently being tested, and final corrections of weaker areas of track are being made ahead of full commissioning.
In the meantime Beacon Hill is moving the produced coal by truck. A successful trial of this trucking operation has now been completed and the company has hired a Mozambique-based contractor, called Transportes Lalgy, Lda. This trucking solution will be capable of transporting 500,000 tonnes of coal to the port each year.
Importantly Beacon Hill said that this arrangement provides an economically viable logistics solution which is not reliant on third party infrastructure.
Mr Justin Lewis chairman said that "We are pleased to announce the successful completion of our trial trucking operation to the port of Beira, which marks another step forward in the development of the Minas Moatize mine.”
He added that “This is a transport solution that is in our control and that is not dependent on the provision of third party infrastructure. It is a significant milestone for the group as it will allow us to start stockpiling coal at the port in readiness for our first export shipment."
Beacon Hill anticipates that the Sena railway will be able to carry 6 million tonnes of coal each year. As such the company recognises that this is the most suitable long term logistics solution.
(Sourced from Proactive Investors)
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