Richards Bay Coal Terminal export volumes for 2022 fell to the lowest level in 30 years after grappling with the negative impact of the 12-day wage strike at Transnet, cable theft and wagon derailments, the company said on Thursday.
Richards Bay Coal Terminal export volumes for 2022 fell to their lowest level in 30 years after grappling with the negative impact of the 12-day wage strike at Transnet, cable theft and wagon derailments.
RBCT — with a 91-million ton capacity — has been struggling and has regressed since 2017 when exports peaked at 75.6-million tonnes. In 2021 58.72-million tonnes of coal were exported from the terminal. “Unfortunately, it was a regression through the year, largely impacted in the last quarter by the strike and derailments. Those hurt us a lot as well as the continuation of the failure of some of the locomotives and the increased challenge posed to Transnet.”
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.
Coal exports drop to 30-year low at Richards Bay terminalIn 2022, two events caused huge disruption in TFR operations: the derailment of a coal train on the North Corridor in November, and a Transnet strike in October
Read more »
South Africa's RBCT coal exports hit 29-year low in 2022Coal exports from South Africa's Richards Bay Coal Terminal (RBCT) hit their lowest level since 1993 last year, at 50.35 million tonnes, reflecting a lack of trains to carry coal from mines to port.
Read more »
RBCT coal exports plummet to lowest level in 3 decades as rail troubles persist | BusinessRichards Bay Coal Terminal last year had its lowest exports in over three decades as Transnet's railing troubles persist. | News24_Business
Read more »
Coal-mining communities left in the dust for a greener futureCoal-mining communities left in the dust for a greener future: People at the front line of South Africa’s energy transition are in the dark about how it will unfold, and whether it will sustain them
Read more »
Thungela’s share price comes off the boil as global coal prices easeThe new year kicks off on a downbeat note for the coal miner trading at the whim of commodity prices
Read more »
Runaway leaders Mamelodi Sundowns chalk up 13th straight winSundowns lead the richest league in Africa by 19 points from Richards Bay and look set for a sixth straight title.
Read more »