Transnet targets leap in coal exports despite cash squeeze
TRANSNET has targeted 65 million tons (Mt) in delivered coal exports after another year of rail volume growth, but debt and weak cash generation have put a brake on its ambition.…
SA coal exports may hit 75Mt supply ceiling, says Exxaro
SOUTH Africa’s coal industry may struggle to supply more than about 75 million tonnes a year to the Richards Bay export corridor even if Transnet restores rail capacity above…
Exxaro lifts Grootegeluk rail shipments 50%
EXXARO Resources has recorded a roughly 50% improvement in direct coal railings from its Grootegeluk mine in the Waterberg coalfield in Limpopo to Richards Bay, CEO Ben Magara…
Exxaro flags up to 23% earnings fall on lower Sishen, BMM income
EXXARO Resources expects first-half earnings to fall by as much as 23% after lower contributions from its investments in Sishen Iron Ore Company (SIOC) and Black Mountain Mining…
Glencore weighs restart of South African coal projects
GLENCORE said it would consider restarting coal projects in South Africa as rail export capacity was restored to as much as 70 million tons (Mt) over time. “For the first time –…
SA coal exports could rise 10% in 2026, says terminal
THE Richards Bay Coal Terminal (RBCT) is running in line with its 2026 coal export volume forecast as of the end of June having exported just over 30 million tons (Mt) compared…
Transnet signs rail deals in major boost for network reform
TRANSNET said on Wednesday it had secured an additional 24 million tons of freight capacity on the South African rail network after signing agreements with 11 independently run…
Why SA coal export prices haven’t shot the lights out
SHARES in Thungela Resources have surged 80% in six months, driven mostly by the US/Israel attack on Iran in late February, which is when the coal miner’s valuation received its…
SA coal exports continue turnaround rising 10.7% last year
SOUTH African coal exports from Richards Bay increased 10.7% in 2025 which represents the highest volume in four years. Richards Bay Coal Terminal, an industry-owned and operated…
Thungela warns of impairment as coal price flags in 2025
THUNGELA Resources raised the prospect of impairing assets following a year of lower coal prices in 2025, and despite a strong production and cost performance. Commenting in his…
SA coal exports flat in 2025 despite Transnet progress
COAL railed for export from South Africa so far this year implied total volumes for 2025 of 56.4 million tons, less than last year’s 56.9Mt. Commenting in his pre-close…
Resource disputes reach decade-high amid mineral scramble
DISAGREEMENTS between governments and investors over natural resources have surged to a 10-year peak, with 32 disputes already lodged this year, said Reuters citing data from law…
Exxaro looks to higher dividend payments after manganese deal
EXXARO Resources held up well in the six months to end-June increasing headline earnings 13% and raising its interim dividend as management focussed on completing the major…
Thungela CEO upbeat despite coal price slide
THUNGELA Resources level-pegged on coal export volumes for the six months to end-June but earnings were clobbered by lower export prices which dropped 11% for South African…
SA coal exports may hit 57Mt as TFR continues turnaround
THE turnaround in coal exports during 2024 through the Richards Bay Coal Terminal (RBCT) that was reported in January has continued into 2025 with the terminal meeting forecast…
Thungela CEO says firm favours metallurgical coal deals
THUNGELA Resources would consider adding metallurgical coal assets to its portfolio as there was a “natural adjacency” to its thermal coal production, said CEO July Ndlovu.…
Transnet’s Network Statement “not got us excited”, says Ndlovu
THUNGELA Resources said extending an existing coal freight contract with Transnet was good business even as the state-owned rail and ports firm opened the door to a new supply…
Thungela coal exports back at full throttle as rail recovers
SOUTH African coal miner Thungela Resources forecast another strong export performance from the country this year amid “encouraging” signs from Transnet, the state-owned rail and…
Glencore reports 7% decline in South African coal output
GLENCORE on Thursday said thermal coal production in South Africa fell seven percent to 16.6 million tons in 2024 compared to 2023 in line with measures to match export sales to…
SA coal exports rise for first time in seven years
COAL exports through Richards Bay Coal Terminal increased 10% in 2024 to 52.1 million tons compared to just over 49Mt a year earlier. This is the first time coal exports have…