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The allocations cover export coal from the Makhado and Vele metallurgical coal projects and the Mooiplats thermal coal project through the Maputo and Richards Bay ports.
The agreements cover 1 million tonnes of coal per annum through Maputo and a ramp-up to 900,000tpa through Richards Bay by 2010.
Coal of Africa has also secured an option to increase its agreed allocations following planned expansions at both terminals.
The options cover rights of up to 100% of the increased capacity at Maputo (2Mtpa) and 50% of expansion capacity at Richards Bay (6Mtpa).
Coal of Africa was trading up 3.7% mid-morning today at $3 after jumping 7.3% on Friday.
