Lisa Steyn | Coal logistics crisis is a few dollars away from catastrophe | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

While a surge in the price of commodities has been a boon for many of SA's miners, the cost of railway dysfunction could now soon be seen in stark terms as prices fall to levels that won't justify the use of more expensive trucks, writes Lisa Steyn.

Just as coal miners had begun to accept their fated terminal decline amid a global energy transition, coal prices started taking off last year, climbing to levels that could never have been predicted.

The benchmark coal price - for the highest quality steam coal – began creeping up from $50 a tonne in mid-2020. A year later, it had exceeded $100 a tonne, and by March 2022, it had reached all-time highs of more than $420 per tonne.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Cry my beloved country 🥲

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Business Talk – South Africa’s leading online business talk showBusiness Talk is the best place for your executives to share their insights and experience with a wide South African business audience.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

After passenger is shot, Intercape wants to force police to escort buses in ECape | BusinessLong-distance bus company Intercape has again turned to the court in another attempt to force government and the police to protect it from violent attacks in the Eastern Cape. | News24_Business _Business Can Intercape stop the Eastern cape route for now until all tension is resolved . As they are busy putting their drivers and passengers at risk. _Business Just stop going to the eastern cape. KZN will be next _Business They should get their own security like everyone does.
La source: News24 - 🏆 4. / 80 Lire la suite »

'We're not flashy' - Sanlam banks on the quality of its brand despite dip in new business | BusinessAfrica's largest insurer Sanlam says it's unfazed by a double-digit fall in new business volumes for its life insurance business in 2022, confident that it can defend its market share as under-pressure consumers turn to well-established brands. which 'well-established brands'?
La source: News24 - 🏆 4. / 80 Lire la suite »