Rail disruptions on the key line to Africa’s biggest coal-export terminal are intensifying, choking off more than half the fuel the facility is capable of shipping. Deliveries to Richards Bay Coal Terminal on South Africa’s east coast slumped to a three-decade low of 50.4 million tons in 2022 as armed gangs sabotaged the line and rail operator Transnet SOC Ltd. struggled to keep cargoes flowing. Since the start of the year, the pace of shipments has dropped further to a rate of 44 million tons, according to people familiar with the matter... The disruptions to a key South African export industry come as the appetite for coal in Europe following Russia’s invasion of Ukraine pushes prices to a record...
South Africa’s Coal Exports Worsen as Rail Shipments Slump
-
John Ashworth
- Site Admin
- Posts: 23606
- Joined: 24 Jan 2007, 14:38
- Location: Nairobi, Kenya
- Contact:
South Africa’s Coal Exports Worsen as Rail Shipments Slump
South Africa’s Coal Export Snags Worsen as Rail Shipments Slump
-
John Ashworth
- Site Admin
- Posts: 23606
- Joined: 24 Jan 2007, 14:38
- Location: Nairobi, Kenya
- Contact:
Re: South Africa’s Coal Exports Worsen as Rail Shipments Slump
Anglo American CEO urges public-private fix to Transnet crisis
Anglo American’s on Monday called for a public-private partnership to improve performance at South Africa’s state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners’ ability to export their products. “From our perspective, one of the best outcomes might be a public-private partnership that deals with the operation of the system differently from the ownership of the system,” Anglo American CEO Duncan Wanblad said in an interview on the sidelines of the Mining Indaba conference in Cape Town. Transnet has been unable to meet demand for freight trains to transport iron ore, coal, and other commodities, as a strike and an increase in copper cable theft compounded long-standing maintenance problems and a shortage of locomotives...