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Exxaro Resources Ltd., South Africa’s fourth-largest coal producer, may increase output by 33 percent in four years to meet demand from new power plants, a company official said.

Production may increase 15 million metric tons to about 60 million tons by 2014 as Eskom Holdings Ltd., the state utility, adds thermal power capacity as part of efforts to boost power generation by 2025, said Mxolisi Mgojo, executive general manager of Exxaro Resources. South Africa probably won’t expand its 246 million-ton coal output until new generation units start operations, he said.

“We are the only suppliers to Eskom’s new capacity additions,” Mgojo said in an interview at the Coaltrans Asia conference in Bali yesterday, referring to the 15 million tons of supplies. “Coal will be a significant basis of energy and electricity to South Africa.”

The country, which exports about 25 percent of its output, is boosting Asian sales as economies in India and China grow while Europe slows amid a sovereign-debt crisis. South Africa’s growing appetite for coal won’t reduce its exports of the fuel because of adequate reserves, Mgojo said.

India and China, whose economies are growing at rates faster than 8 percent, together accounted for about 42 percent of Richard Bay Coal Terminal’s shipments in the first quarter of this year compared with about 25 percent a year earlier, according to data from the terminal.

Richards Bay, the single biggest source of coal for European power plants, is owned by South Africa’s largest exporters of the fuel, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc. The 27-member European Union burns the fuel for about 30 percent of its power, according to Brussels-based lobby group Euracoal.

Rail Lines

A lack of adequate rail infrastructure to complement Richard Bay’s expansion is slowing growth in overseas sales for both Exxaro and South Africa, Mgojo said. The terminal said in April that an expansion to 91 million tons a year from 72 million had been completed.

Exxaro’s overseas sales may decline to about 4 million tons this year because of transport constraints, Mgojo said. Exports at 4.7 million tons last year fell short of its 6.3 million-ton “export entitlement” from Richards Bay.

Exports from Richard Bay are scheduled to rise to 65 million tons this year from 61 million in 2009 based on estimates by the rail operator, Mgojo said. Exports, based on actual shipments, were estimated to reach 70 million tons this year, from 61 million last year, before a strike at ports and railroads last month. Port and rail workers ended a two-week strike on May 27 after accepting a pay offer.

European Markets

Exxaro sells its highest grade of coal at premium prices to buyers in Europe as limited export capacity forces it to maximize revenues, Mgojo said. The company may diversify sales to Japan because the utilities can afford to pay higher prices for quality coal, he said.

The company, based in Pretoria, is developing a new coal area in the Waterberg region, and the Grootegeluk mine may supply Eskom’s plant under a 40-year agreement, according to Mgojo and the company website.

--Editors: Jane Lee, Alex Devine.

To contact the reporter on this story: Dinakar Sethuraman in Bali at dinakar@bloomberg.net.