South African Export Coal Rail Deliveries Face Sixth Annual Drop
Coal at Richard's Bay coal terminal in South Africa.
Photographer: Nadine Hutton/BloombergThis article is for subscribers only.
South Africa’s rail bottlenecks threaten to curb coal deliveries to its main export hub for a sixth consecutive year, according to one of the biggest producers in the nation.
Shipments of the dirtiest fossil fuel by state-owned Transnet SOC Ltd. from mines mainly in Mpumalanga province to Richards Bay Coal Terminal are on pace to reach 47.4 million tons this year, Exxaro Resources Ltd. said in a statement Wednesday. That would miss Transnet’s own target and be the lowest level in at least three decades.