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.…
Miners doubt if Transnet’s rail reform is bankable
SOUTH Africa’s freight rail reform has moved past the stage of being dismissed as another policy aspiration without a timetable. The Transnet Rail Infrastructure Manager (TRIM)…
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…
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…
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…
Misplaced coal pessimism has left Thungela oversold
FEW JSE stocks have swung as wildly as Thungela. From a 52-week high of R140.81 in February 2025 to barely R81 by October, the share has lost more than 40% of its value in just…
Global coal output set for record year: IEA
WORLD coal production is expected to reach an unprecedented 9.2 billion tons in 2025 as fossil fuel demand maintains record levels despite environmental commitments. This is…
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 sheds cash as rain, geology hits coal output
THUNGELA Resources reported higher-than-forecast operating costs at its coal mines for the year-to-date (end-May) owing to production disruptions. Heavy rains disrupted…
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…
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…
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…