{"id":9110,"date":"2012-03-20T03:20:34","date_gmt":"2012-03-20T01:20:34","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/vitol-to-sell-2-mln-ty-moatize-coal-for-beacon-hill\/"},"modified":"2012-03-20T03:20:34","modified_gmt":"2012-03-20T01:20:34","slug":"vitol-to-sell-2-mln-ty-moatize-coal-for-beacon-hill","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/vitol-to-sell-2-mln-ty-moatize-coal-for-beacon-hill\/","title":{"rendered":"Vitol to sell 2 mln t\/y Moatize coal for Beacon Hill"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 19<\/span> (Reuters) &#8211; Energy trader Vitol is to<br \/>\nmarket 2 million tonnes a year of thermal and coking coal<br \/>\nproduced by Beacon Hill Resources from its Minas<br \/>\nMoatize mine in Mozambique, sources close the deal said.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Mozambique is a new but key coal producer with vast reserves<br \/>\nthat have attracted substantial investment from companies<br \/>\nincluding Rio Tinto, Vale and India&#8217;s Tata<br \/>\ngroup.<\/p>\n<p><span><\/span><\/p>\n<p>The Beacon Hill agreement is for a relatively small tonnage<br \/>\nof 50:50 thermal and coking coal but it gives Vitol a presence<br \/>\nin the Moatize basin, the sources said.<\/p>\n<p><span><\/span><\/p>\n<p>Vitol earlier this year formed a joint venture with South<br \/>\nAfrica&#8217;s Grindrod to run Maputo port in Mozambique<br \/>\n, which mostly exports South African coal.<\/p>\n<p><span><\/span><\/p>\n<p>Beacon Hill will continue to sell export coal to Global<br \/>\nCoke, which will be offered up to 600,000 tonnes a year of<br \/>\ncoking coal for the life of mine.<\/p>\n<p><span><\/span><\/p>\n<p>Vitol, which trades more than 25 million tonnes a year of<br \/>\ncoal, will also advance Beacon Hill a debt facility of up to $20<br \/>\nmillion in two tranches, to be used for capital spending,<br \/>\ngeneral and working capital purposes.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, March 19 (Reuters) &#8211; Energy trader Vitol is to market 2 million tonnes a year of thermal and coking coal produced by Beacon Hill Resources from its Minas Moatize mine in Mozambique, sources close the deal said. Mozambique is a new but key coal producer with vast reserves that have attracted substantial investment from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9110"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}