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RR1:AU
Rights Issue and Shortfall
Bloomberg reported that Transnet Ltd. (PINK:TRNT) intends to increase capacity on its Richards Bay coal line.
Bloomberg reported that Transnet Ltd. (PINK:TRNT) intends to increase capacity on its Richards Bay coal line.
The market news is quoted as saying:
The rail line delivers coal to Richards Bay Coal Terminal, Africa’s biggest coal export facility. The terminal won’t expand further until the rail network and other infrastructure allows it to utilize its current capacity, Chief Executive Officer Raymond Chirwa said March 30.
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