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COMMODITY NEWSBRIEFS: 18 JUNE 2013Please note that these articles are available in electronic format and can be requested and delivered via e-Mail.(http://intra.spoornet.co.za)kgaugelo.Makhura@transnet.netTO OPEN THE FULL TEXT ARTICLE: PLEASE HOLD DOWN THE Ctrl KEY ON THE KEYBOARD AND CLICKON THE LINK (ARTICLE TITLE) WITH THE MOUSE POINTERINTERMODALTAMBO SPRINGS SET TO BECOME LARGEST INLAND PORT IN AFRICA (Engineering News, 14/6/2013)The proposed Tambo Springs Inland Port and Logistics Gateway is expected to be the largest inland port in Africa oncecompleted, Gauteng MEC for Roads and Transport Dr Ismail Vadi said at a post-Budget Vote media briefing last week. Heindicated that the project’s development was progressing well and that it would come on stream in 2017, as Johannesburg’scurrent inland port, City Deep, reached capacity. The inland port, which would be located along the N3, about 21 km fromHeidelberg, would host all aspects of warehousing, distribution, manufacturing and shipping through enhanced supply-chainand operating efficiencies. The Gauteng Department of Roads and Transport was currently developing a terminal masterplan for the project, as well as detailed road designs for the K148/N3 interchange. The Tambo Springs DevelopmentCompany (TSDC), which is developing the 1 037 ha multi- modal freight gateway in partnership with government, expects tostart construction on the inland port this year and finish the project by 2017.IRONIRON-ORE DEVELOPERS TALK OF FACING TOUGH TIMES COLLABORATIVELY IN CLUSTERS (Mining Weekly,14/6/2013)Times are tough in the sub-$100/t iron-ore project business so aspirant iron-ore miners are facing the future full of unusualbusiness ideas. Uttered repeatedly at last week’s International Mining and Metals’ third African Iron Ore conference, in CapeTown, were the words ‘clustering’, ‘collaboration’ and even a ‘commune approach’ in order to avoid balance sheets beingoverburdened by huge project and logistics costs at a time of poor commodity price outlook. Both JSE-listed ExxaroResources and its ASX-listed iron-ore-project neighbour in the Republic of Congo (RoC), Equatorial Resources, are adoptingstaged project approaches and beginning to look like the RoC’s tweedledum and tweedledee project developers, in apositive sense of the fictional-character metaphor. Exxaro GM: Ferrous Brian van Rooyen likened attending the conferencein the current depressed iron-ore market conditions to attending a funeral, but lightened up proceedings with a positiveoutlook for the commodity in the long term, and the news that Exxaro would be executing its first production from its MayokoRoC project by year-end. The Mayoko project, located in the Niari Prefecture, about 300 km north-east of Pointe-Noire, onthe Atlantic Ocean, is a near-term development in an emerging iron-ore province with an existing underused, heavy-haulagemineral railway passing within 2 km of the main prospect and terminating at the Port of Pointe-Noire. The project currentlyhas a Joint Ore Reserves Committee-compliant mineral resource of 121-million tons of iron-ore, consisting of a hematite capof direct shipping ore (DSO) at 55% iron and beneficiable DSO at 41% iron.COALBIG SLIP IN RICHARD’S BAY COAL EXPORTS (FTW, 18/6/2013)uth Africa's Richards Bay Coal Terminal (RBCT) exported 4.35 million tonnes of coal in May, down from 6.24 million tonnesthe previous month, RBCT data shows. South Africa, a major exporter of coal to power stations in Europe and Asia, had 2.47million tonnes of stock at the terminal at the end of May, RBCT said. Coal producers in South Africa include Anglo American,BHP Billiton, Exira and Glencore Xstrata. (Whole Article)MCCLOSKEY COAL REPORT _ CANADIAN PACIFIC RAILWAY (14/6/2013)Transnet Freight Rail News Briefs Page 1 of 7

MCCLOSKEY FAX ISSUE 636 (14/6/2013)SA COAL REPORT, ISSUE 2131 (18/6/2013)FERROUS AND NONFERROUSRYAN’S NOTES; VOLUME 19(24) (17/6/2013)MINERAL MINING‘INTERVENTION COMING IN MINING SECTOR’ (Business Report, 18/6/2013)Urgent intervention is needed in eight areas in the mining sector, the presidency said on Friday. They included workplacerelations, workers' indebtedness, and the need for law and order to counter violence and conflict. “The Rustenburgplatinum belt was identified as one of those (areas where the mines operate) that requires immediate intervention,” thepresidency said in a statement. Officials from trade unions and the mines met deputy president Kgalema Motlanthe at theUnion Buildings in Pretoria on Friday.DRAFT DOCUMENT FOR SUSTAINABLE MINING AGREED – DEPUTY PRESIDENT (Mining Weekly, 14/6/2013)Government, business and labour had agreed to ratify by June 26 a draft document on ensuring sustainable mining in SouthAfrica, Deputy President Kgalema Motlanthe said on Friday. Government, organised labour and business also committed tocontinue to meet quarterly over the next 12 months, or as frequently as required, under the leadership of the DeputyPresident to ensure common action to address blockages and new issues should they arise (see also video attached).Motlanthe said at a media conference, after a long period of discussion by the who’s who of South African mining, that allparties recognised the mining industry's centrality to South Africa’s economy and job creation, as well as the need tostrengthen the sector in the current difficult global economic conditions. In the interim, the attendees had agreed broadly thatit is crucial to ensure law and order and end violence and conflict.TRANSNETNORTH-SOUTH CORRIDOR ON THE MENU AT NEXT TRANSPORT FORUM (FTW Online, 18/6/2013)The Transport Forum Special Interest Group will hold its next monthly meeting in Durban where several high-level speakershave been lined up to offer their insights on ‘The North-South Corridor’. The School of Ports in Langeberg Road, Bayhead isthe venue for the event which is, as always, free although booking is essential. Speakers include Irvindra Naidoo, generalmanager:group strategy at Transnet, who will discuss the Durban-Free State-Gauteng Logistics and Industrial Corridor whileBarney Curtis of Fesarta will offer his insights on solving transporters’ problems along corridors in East and Southern Africa,particularly the North-South corridor. (Whole Article)TRANSNET 1, BARNES 0 IN DEBT ISSUE CASE (Business Day Online, 18/6/2013)LET me first of all admit that my comments last week on the failure of Transnet’s R750m long-term bond were well andtruly trumped by the more than three times over-subscribed R1bn three-year bond Transnet issued, to spite me, onvirtually the same day my opinion was published. Furthermore, let me be clear, I wish it every success in raising all of thecapital (at the right price and over the right maturities) that we need to spend on restoring our decaying infrastructure. Butallow me to point out some significant differences between the two instruments. The R750m issue was priced at a fixedrate and it matures in 2035.LOBBYING SPRINGMASTER MD EARNS HIGH-LEVEL MEETING (Business Day, 18/6/2013)Transnet Freight Rail News Briefs Page 2 of 7

THE Department of Trade and Industry has called for a meeting of top government officials after almost a year oftireless lobbying by specialised spring manufacturer Springmaster over the role state-owned Transnet Engineering (TE)has been playing in the rail engineering sector. The meeting comes as tenders potentially worth R86bn are beingadjudicated. The government has stated its intention to use its vast rail budget to spark a rail renaissance. But manybusinesses are concerned about their future and the increasingly aggressive role TE, which assembles locomotivesand wagons largely for Transnet Freight Rail, has been playing and may play in future as both a partner and acompetitor in train and component manufacturing.GENERALSA RISKS RUNNING ON EMPTY (Business Report, 16/6/2013)South Africa will soon find itself running on empty – unless policymakers can mend the flawed production side of theeconomy. Warnings came last week from Nedbank senior economist Nicky Weimar and Rand Merchant Bank’s (RMB)chief economist Etienne le Roux. Both made similar points: the modest domestic recovery since the 2008/09 recessionhas been driven by household spending – consumption makes up about 65 percent of gross domestic product (GDP),according to Le Roux. “South Africa consumed its way out of recession,” he said. “But this can’t be sustained.” Both LeRoux and Weimar noted that the boost to consumption over the past few years came from a surge in the government’swage bill. As the rate of increase in civil servants’ compensation is cut back sharply to help the government make endsmeet, this source of growth will start to dry up. And, with consumers increasingly cautious about spending, there appearsto be no other growth driver in the economy. Weimar forecast growth of only 2 percent this year, from 2.5 percent lastyear, much lower than the levels of 5 percent or more required to make a dent in the country’s 25 percent unemploymentrate. The problem, essentially, is that South Africans consume more than they produce. “Imports are equal to 31 percentof GDP, while exports are worth only 24 percent of GDP,” according to Le Roux.CURRENCIES AND PRICESMARKETS AND INDICATORSJSEAlsi 14/06 40,324 + 511.84 + 1.29%Financials 14/06 29,381 + 267.68 + 0.92%Industrials 14/06 39,468 + 287.13 + 0.73%FOREXRand/Dollar 07:39 9.9710 + 0.13 + 1.34%Rand/Pound 07:40 15.6162 + 0.17 + 1.11%Rand/Euro 07:40 13.3122 + 0.15 + 1.12%COMMODITIESGold (usd/oz) 07:39 1,380.00 - 6.70 - 0.48%Platinum (usd/oz) 07:39 1,424.75 - 23.25 - 1.61%Brent (usd/barrel) 07:40 105.58 + 0.63 + 0.60%World MarketsWall St (DJIA) 17/06 15,180 + 109.67 + 0.73%Germany (DAX) 17/06 8,216 + 120.34 + 1.49%Japan (Nikkei) 07:40 12,946 - 87.62 - 0.67%(Business Report, 18/6/2013)Transnet Freight Rail News Briefs Page 3 of 7

ALL SHARE INDEX(Business Report, 18/6/2013)COPPER A – SETTLEMENT PRICE – 7020,5FORWARD RATES - Dollar/rand 4pm close: R9, 876Transnet Freight Rail News Briefs Page 4 of 7

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Petrol/ Diesel PriceYR201302-Jan-1306-Feb-1306-Mar-1303-Apr-1301-May-1305-Jun-13COASTAL95 LRP (c/l) 1151.00 1192.00 1273.00 1283.00 1210.00 1202.0095 ULP (c/l) 1151.00 1192.00 1273.00 1283.00 1210.00 1202.00Diesel 0.05% (c/l) 1086.67 1104.47 1162.85 1170.01 1114.45 1110.47Diesel 0.005% (c/l) 1091.07 1108.87 1167.25 1175.41 1118.85 1114.87Illuminating Paraffin(c/l)807.128 833.128 890.128 860.328 802.328 803.328Liquefied PetroleumGas (c/kg)2047.00 2120.00 2238.00 2183.00 2102.00 2107.0003-Jul-1307-Aug-1304-Sep-1302-Oct-1306-Nov-1304-Dec-13GAUTENG93 LRP (c/l) 1165.00 1206.00 1287.00 1297.00 1224.00 1216.0093 ULP (c/l) 1165.00 1206.00 1287.00 1297.00 1224.00 1216.0095 ULP (c/l) 1186.00 1227.00 1308.00 1320.00 1247.00 1239.00Diesel 0.05% (c/l) 1111.37 1129.17 1187.55 1196.61 1141.05 1137.07Diesel 0.005% (c/l) 1115.77 1133.57 1191.95 1202.01 1145.45 1141.47Illuminating Paraffin(c/l)849.028 875.028 932.028 906.228 848.228 849.228Liquefied PetroleumGas (c/kg)2229.00 2302.00 2420.00 2365.00 2284.00 2289.00(SAPIA Online)Click on the below link to access LME table:London Metal Exchange, 18/6/2013NOTE: Your attention is drawn to the following:1. USEThis Newsbrief is intended for the use of Transnet employees only. It is not to be disclosed or disseminated to outsideparties, without the consent of a Transnet Freight Rail Manager who is authorised to communicate with external parties.The following specific terms apply:(a)(b)(c)(d)(e)Transnet Freight Rail hereby grants permission to its employees to view the Newsbrief, and copy, print anduse any of its contents, subject to the following conditions:The Newsbrief shall be used solely for information and/or commercial purposes within Transnet only, and shallnot be disseminated to any external party, copied or posted on any external network computer or broadcast inany media. Any other use, including the reproduction, modification, distribution, transmission, re-publication,display or performance in any form, of the content of the Newsbrief without written permission from Transnet,is strictly prohibited.Sale or public distribution or copying for sale or public distribution of any material in the Newsbrief is strictlyprohibited.No modifications to the Newsbrief shall be made.Use for any other purpose is expressly prohibited by Transnet and may result in disciplinary action againstany transgressors, and civil and criminal action may also be taken. Violators will be prosecuted to theTransnet Freight Rail News Briefs Page 6 of 7

maximum extent possible.2. COPYRIGHT, TRADEMARKS AND OTHER INTELLECTUAL PROPERTY RIGHTSCopyright in the Newsbrief vests in Transnet.(a)(b)(c)(d)All content included in the Newsletter, such as text, graphics, logos, button icons, images, audio clips,software and information, is the property of Transnet or its content suppliers and protected by South Africanand international copyright law and all other intellectual property laws.The compilation (meaning the collection, arrangement and assembly) of all content in the Newsletter is theexclusive property of Transnet Freight Rail and protected by South African and international copyright law andall other intellectual property laws.The Transnet Freight Rail name and logo are registered trademarks of the company, protected by SouthAfrican and international trademark laws and all other intellectual property laws.Note that any product, processes or service referred to in the Newsletter may be subject to other copyright,patent, trade mark or other intellectual property laws and may incorporate proprietary notices and copyrightinformation relating to that product, process or service.Transnet Freight Rail News Briefs Page 7 of 7