South Africa’s rail bottlenecks are getting worse, with the country on course to deliver less coal to the coast for export than last year, according to miner ExxaroResources. Moneyweb SACoal
South Africa’s rail bottlenecks are getting worse, with the country on course to deliver less coal to the coast for export than last year, according to miner Exxaro Resources. Coal shipments by state-owned port and rail company Transnet have dropped to an annualised rate of 46.5 million tons, Exxaro said on Tuesday. That’s down from the 50.4 million tons it carried from mines to the Richards Bay Coal Terminal for export in 2022 — already the lowest volume in three decades.
“Various challenges, including poor locomotive availability, train derailments, and instances of cable theft and vandalism continue to impact negatively on export performance,” Exxaro said in an update. Transnet and the coal industry continue to collaborate on efforts to improve rail performance. Exxaro’s sales volumes are expected to decrease by 6% due to the slump in shipments and as lower coal prices make it less attractive to truck coal to alternative ports, the company said.
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.
POWER CRISIS OP-ED: Growing some backbone – reimagining the future of Eskom and the grid, beyond load sheddingAnticipating the future, South Africa's energy system will be unrecognisable compared with the present by the early 2030s. Load shedding will be a memory, Eskom will have become a transmission business, most coal-fired power stations will have closed down, and Eskom's system operator (SO) - currently located in Germiston - will navigate a much more complex and diverse grid system.
Read more »
STUART THEOBALD: Why are things in SA not a lot worse?Our GDP and trade figures are not signs of a country imploding
Read more »
STUART THEOBALD: Why are things in SA not a lot worse?Our GDP and trade figures are not signs of a country imploding
Read more »
SA flights are getting cheaper, as airlines accuse each other of undercutting | BusinessTravellers are benefiting from lower airfares over the winter period as local airlines accuse each other of uncompetitive pricing. | News24_Business
Read more »
Over 1,000 changes for SpaceX’s new Starship rocketSpaceX CEO Elon Musk said the probability of getting the new version of Starship working or getting into orbit was “maybe” 60%.
Read more »
SHAWN HAGEDORN: How foreign policy kills prospects of the joblessGetting out of the unemployment trap requires rapidly growing value-added exports
Read more »