Coal revenue fell 16% to just more than R18bn, driven mainly by lower export prices, as well as lower sales volumes for both domestic sales
Exxaro Resources reported a 29% decrease in headline earnings in six months to the end of June, as export coal prices halved after Europe managed to secure sufficient gas and coal stocks during its winter season.
Exxaro and other coal players benefited handsomely in the prior comparable period when coal prices surged in the wake of Russia’s invasion of Ukraine, though rail capacity constraints prevented SA’s producers from fully taking advantage of the boom in prices.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S.Africa's Exxaro H1 profit falls 29% on weaker coal prices, rail woesSouth African coal miner Exxaro Resources on Thursday reported a 29% fall in half-year profit, attributing the drop to lower coal prices and persistent problems with rail logistics.
Read more »
South32, BHP Billiton and Seriti Power hit with class action from coal minersCoal miners who have suffered lung diseases due to coal dust are seeking recourse from global companies South32, BHP Billiton and Seriti Power.
Read more »
Daily Lotto results: Wednesday, 16 August 2023Tonight's jackpot is R430,000! Here are your winning Daily Lotto results.
Read more »
Lotto and Lotto Plus results: Wednesday, 16 August 2023A total of R73 million in jackpots is up for grabs. Here are your Lotto and Lotto Plus results.
Read more »
Controversial US rapper DaBaby to headline Empower Concert in JohannesburgAmerican rapper DaBaby is set to perform in South Africa on 30 September at the FNB Stadium in Johannesburg.
Read more »
WEBINAR | What does the NHI mean for employers — and employee benefits?SPONSORED | Experts will unpack pertinent questions regarding the future of healthcare in SA during a Business Day Dialogue on August 16. Register now
Read more »