Beacon Hill takes receipt of 90 wagons for Moatize project
JOHANNESBURG (miningweekly.com) – Ninety coal rail wagons destined for coal producer Beacon Hill Resources’ Minas Moatize coking coal mine, in Tete, Mozambique, have been successfully offloaded at the Port of Beira, further progressing the company’s end-to-end logistics strategy and enhancing its rolling stock operations.
The wagons, which were completed by Transnet Engineering and inspected and signed-off by Beacon Hill’s joint venture company Thelo Rolling Stock, remained subject to further work by Transnet and hot commissioning inspection by Mozambique port and railways company CFM before they would be signed off for operation.
The rail wagons would be released once the final customs clearance documentation had been obtained from the government of Mozambique.
Once signed off, the lease payments for the wagons would begin.
Beacon Hill CEO Rowan Karstel said in a statement on Tuesday that the receipt of the company’s rolling stock in the country was an important milestone.
“This enables us to focus on proving our export capability in line with our strategy to deliver Tier-1 coking coal production as well as demonstrating our firm commitment to investing in Mozambique as a whole,” he commented.
The company said it also expected five locomotives it had previously ordered to arrive in Beira early next month.
Inspectors from CFM earlier this year travelled to Pretoria West, in Gauteng, to inspect the locomotives and issued the trains the relevant locomotive registration numbers to allow them to be transported into the country by rail.
Meanwhile, Beacon Hill continue discussions with subleasing counterparties, expecting these to conclude in the second quarter of the year as the full train sets became available.
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