South African Coal Finds Buyers Closer to Home as China Weakens
- Coal supply shifting to new markets: South African government
- African markets double share of exports from Richards Bay
Coal sits in freight wagons ahead of transportation at a depot in Ermelo, South Africa.
Photographer: Dean Hutton /BloombergThis article is for subscribers only.
South Africa’s coal exporters, which reported record shipments last year, are finding markets closer to home to replace waning Chinese demand.
“The market axis for coal is seemingly shifting towards new and emerging markets, marking a structural change from a well-established way of doing business," Mosa Mabuza, deputy director general for mineral policy and investment promotion at South Africa’s Department of Mineral Resources, said Thursday at an IHS conference in Cape Town.