South African diversified resources company Exxaro Resources will invest 50% of its R20-billion coal capital expenditure programme over the next five years in the Waterberg area. The R10-million investment is a milestone, as it comes at a time when the mining sector is not investing in projects. The mining company signed a ten-year coal export transport agreement with State-owned rail utility Transnet this month, which will increase coal volumes from the Limpopo-based Waterberg region to the Richards Bay Coal Terminal, in KwaZulu-Natal, allowing for the transport of 7.8-million tons a year of export coal.