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…
Thungela ready to tap extra rail capacity with third-party coal
Thungela Resources could use further improvements in Transnet Freight Rail (TFR) capacity to move more third-party coal to Richards Bay, as its South African mines are already…
Thungela declares R5.50 interim dividend after stronger first half
Thungela Resources declared an interim dividend of R5.50 a share after reporting higher first-half earnings, supported by stronger coal prices and improved production. Earnings…
Thungela says asset sale to power first half earnings
THUNGELA Resources expects to report sharply higher earnings for the six months to 30 June 2026, supported by a non-cash profit on the sale of the Kleinkopje mining right despite…
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 –…
The furnaces that could relight SA’s industrial ambition
MENAR Group, an unlisted coal producer, says it can double mineral exports from its South African mines and projects and create 800 jobs through new ferromanganese production.…
Thungela ices M&A to focus on “market confidence”
THUNGELA Resources has taken its foot off the diversification pedal telling analysts and investors last week that it was focusing on improving operational performance. “Our main…
Thungela’s Ensham misses out on coal export price boost
THUNGELA Resources has some serious catch up to do if it’s to meet year end export coal production guidance from its South African division. The R13.4bn miner reported 6.2…
Thungela slides into full year loss after R8.8bn asset impairment
A HEFTY decline in coal export prices hit Thungela Resources hard in the 12 months ended December 31 resulting in an R8.8bn asset impairment. The impact of this was in evidence…
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…
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…
Kumba hails “stabilisation” of Transnet logistics chain
KUMBA Iron Ore CEO Mpumi Zikalala on Tuesday said there were signs of a “stabilisation” in the performance of Transnet Freight Rail (TFR), the South African government’s ports…
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 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.…
Thungela concludes R328m buy-back as share continues to toil
THUNGELA Resources said on Tuesday it had concluded the buyback of about 3.25 million of its own shares for a value of about R328m. Aimed at increasing the return on share…
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…