Transnet Sees 73 Million Tons Coal Going Through Richards Bay

Reuters reported that Transnet expects it will move at least 73 million tons of coal this financial year.

As quoted in the market news:

Coal producers in South Africa including Anglo American , BHP Billiton , Exxaro, Optimum Coal and Xstrata have been limited by bottlenecks on the lines leading to the port. Transnet said this year it would invest 300 billion rand ($37.45 billion) over seven years to boost capacity on its coal lines and expand ports.

Click here to read the full Reuters report.