Bloomberg News

Transnet May Seek Partner for South African Manganese Terminal

June 27, 2011

June 27 (Bloomberg) -- Transnet SOC Ltd. is considering whether to seek a private investor to help it develop a manganese terminal at its Ngqura or Saldanha ports to help ship the steelmaking raw material from the biggest producing nation.

Exports of manganese increased 23 percent to 4.8 million metric tons in the 12 months to March, Transnet Chief Executive Officer Brian Molefe told reporters in Johannesburg today. Samancor Manganese, a South African venture between BHP Billiton Ltd. and Anglo American Plc, is the world’s biggest manganese producer.

Transnet expects exports of manganese will increase to about 8.5 million a year by 2016, the state-owned ports and rail operator said in a statement. Ngqura is on the country’s south coast and is being developed as a new port while Saldanha, on the west coast, is South Africa’s main iron ore export terminal.

Manganese is mainly exported through ports in Durban and Port Elizabeth. The site of a new terminal would depend on rising exports of other minerals such as iron ore, said Molefe.

--Editors: Antony Sguazzin, Tony Barrett

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus