By: African mining market

Exxaro Resources Ltd. and Transnet SOC Ltd., acting through its Operating Division, Transnet Freight Rail (TFR), are pleased to announce that they have entered into a formal service agreement regarding performance in terms of the existing Long-Term Agreement between the parties.

The agreement reached between Exxaro and Transnet is in the best interest of Transnet, Exxaro and South Africa.

In terms of this agreement, Transnet and Exxaro will collaborate to improve the performance of its logistics channels, including to contribute to Exxaro’s Leeuwpan mine turnaround plan announced recently.

The agreement outlines clear performance expectations and joint planning initiatives to enhance rail capacity and optimise long-term logistics. This aligns with Exxaro’s commitment to operational efficiency and long-term sustainability, Transnet’s mandate to ensure the security of logistics supply, and supports the national objectives of strengthening South Africa’s trade and logistics.

This partnership reaffirms both entities’ commitment to restoring and enhancing rail performance, promoting economic growth, and driving competitiveness and long-term sustainability within the mining and transport sectors.