Wed Jun 8, 2011 11:21am GMT
CAPE TOWN, June 8 (Reuters) - South Africa's logistics group Transnet [TRAN.UL] is on track to expand its iron ore and manganese rail line to an annual capacity of 60 million tonnes from 47 million by 2012/13, its head said on Wednesday.
Chief Executive Brian Molefe said a further expansion of the line, which transports the two commodities from mines to the export terminal at Saldanha, is possible by 2017.
It is likely that this second phase expansion to 92 million tonnes will include private investment.
"We are proceeding with it. It is unlikely that we will not get private investment, but we are quite determined to get capacity to 92 million tonnes by 2016/17," Molefe told Reuters on the sidelines of an iron ore conference. (Reporting by Wendell Roelf; Writing by Agnieszka Flak, sourced Thomson Reuters)
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