South African Rail Capacity Curbs Coal Exports by 9 Million Tons
South Africa’s coal exports slowed in the first half of the year due to security problems and a lack of rail capacity by state-owned Transnet SOC Ltd., according to miner Exxaro Resources Ltd. As thermal coal prices surpassed $100 a ton during the period, about 9 million tons of producers’ shipments were “lost” due to transport issues, Exxaro said in a results statement. “Locomotive unavailability, coal line shutdown disruptions, derailments, and other operational challenges combined with vandalism and sabotage of rail infrastructure and rampant cable theft have resulted in one of the worst export rail performances for the industry,” the company said in the statement...
Power outage hits S.Africa's coal export terminal at Richard's Bay
A power outage in South Africa’s main coal export terminal Richards Bay has forced state-owned logistics monopoly firm Transnet to delay offloading of trains for 10 hours, the company said on Friday.“The outage meant that the Richards Bay Coal Terminal was unable to offload trains for approximately 10 hours, resulting in a 50% wagon capacity for Friday’s production plan,” the freight logistics group said in a statement...
