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    coal investing

    South Africa Negative on 2010 Coal Export Goal

    Investing News Network
    May. 27, 2010 03:02PM PST
    Industrial Metals

    South Africa will not be able to reach its 65 million tonnes of coal exporting expectations for 2010 due to the transport strike that has crippled rail and ports. This is according to the Richards Bay Coal Terminal (RBCT).
    RBCT Chief Executive Raymond Chirwa is quoted saying:
    “On average we could be receiving 1.3-1.4 million tonnes per […]

    South Africa will not be able to reach its 65 million tonnes of coal exporting expectations for 2010 due to the transport strike that has crippled rail and ports. This is according to the Richards Bay Coal Terminal (RBCT).

    RBCT Chief Executive Raymond Chirwa is quoted saying:

    “On average we could be receiving 1.3-1.4 million tonnes per week and we haven’t received that so our exports are reducing.”

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