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…
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…
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…
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…
Exxaro calls time on unsustainable Leeuwpan Colliery
A FORMAL Section 189 consultation has been launched with the relevant trade unions at Exxaro’s lossmaking Leeuwpan Colliery, which has become unsustainable in its current form,…
Thungela interested in leasing Sasol coal for export
THUNGELA was interested in exporting about two million tons of coal produced by Sasol, the Johannesburg-listed firm’s CEO said on Monday. Sasol said in February it was exiting…
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…
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…
Thungela exports more coal as Transnet gains traction
THERMAL coal miner Thungela Resources will deliver an above-forecast increase in export sales from South Africa in its financial year to end-December, largely due to an…
Green shoots for Transnet as coal export deliveries race higher
THERE were more green shoots for Transnet Freight Rail (TFR), South Africa’s state-owned ports and rail company following its strongest coal export performance in years. TFR was…
Exxaro to retain up to R15bn in net cash for dealmaking
EXXARO Resources expected to retain up to R15bn in net cash to fund diversification plans which it said previously were focused on manganese in South Africa. Commenting in its…
Dispute flares over illegal mining at Optimum Coal
LIBERTY Coal said on Friday it had launched a R600m damages claim in the High Court against Kego Mining which it alleges illegally mined Optimum Coal. Kego Mining rejected the…
Green shoots for South Africa’s coal export line?
COAL deliveries to Richards Bay are 6% higher year-on-year but the iron ore line is yet to record significant improvements, said RMB Morgan Stanley. The bank said were South…
Transnet scores R5bn loan from New Development Bank
TRANSNET has secured a R5bn loan from the New Development Bank, formerly the BRICS Development Bank, for the modernisation of its freight rail infrastructure. “This investment is…
SA coal exports on target for 50Mt after promising July
COAL exports through the Richards Bay Coal Terminal (RBCT) should hit 50 million tons (Mt) this year compared with last year’s 47.2Mt – but that depends on Transnet Freight Rail…
Exxaro to boost coal exports as circumvents struggling RBCT
EXXARO Resources forecast a nine percent period-on-period improvement in coal exports after finding alternative routes for its sales. The Johannesburg-listed firm said in an…
Thungela brushes off share issue reverse at AGM
THUNGELA Resources brushed off a reverse in its annual general meeting last week in which shareholders voted down its resolution on issuing shares for cash. Ordinary resolution 5…