Exports through the Richards Bay Coal Terminal last year hit their lowest levels since 1993.As coal prices drop, the impact of the railing problem will become even more devastating.Richards Bay Coal Terminal last year had its lowest exports in over three decades as Transnet's railing troubles persist.
"The biggest factor [affecting the terminal's performance] is the low volumes," said RBCT CEO Alan Waller."And intrinsically linked to that is the ability to get the rail to the port." Transnet's severe operational issues, which have intensified over the past two years, have severely impacted the terminal's performance.
RBCT's performance was especially impacted in the fourth quarter of 2022 due to a 12-day Transnet strike and severe derailment, which affected the line for 10 days.
_Business About time!!!
_Business Good 🧨
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