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Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT


Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challenges”, CEO Raymond Chirwa reported on Tuesday.

The RBCT exported 61,14-million tons of coal last year, compared with 61,7-million tons in a “smoother” 2008.

Chirwa explained that the business challenges related to integration problems with the new terminal control system.

The RBCT reported that State-owned Transnet Freight Rail (TFR) had delivered 61-million tons in 2009 and that the terminal had achieved 0,14-million tons more than the rail utility by using its stockpile as a buffer.

“TFR’s nonperformance in meeting our rail capacity’s requirements is now the only constraint in the coal value chain,” said Chirwa.

The RBCT said that TFR had admitted that it had not delivered on its mandate and that the rail utility had drawn in additional technical resources to ramp up capacity.

“A collaborative effort is what will help South Africa regain and retain its leadership position in global coal export markets,” Chirwa noted. To read more Mining Weekly



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Recent News

Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...


Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...


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WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
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