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Reuters reported that Strategic Natural Resources’ (LSE:SNRP) joint venture will allow coal shipments along a new route in the Eastern Cape.
Reuters reported that Strategic Natural Resources’ (LSE:SNRP) joint venture will allow coal shipments along a new route in the Eastern Cape.
As quoted in the market news:
The joint venture, EliTra, will be owned in equal parts by Trasteel and SNR’s 74 percent-owned subsidiary Elitheni Coal Ltd and will sell the output of SNR’s Elitheni mine in the Eastern Cape, far from the coal heartland of Witbank and the privately-owned main export port of Richards Bay Coal Terminal (RBCT) in Kwazulu Natal.
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