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.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
_Business About time!!!
_Business Good 🧨
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Sasol seals deal for wind power as coal mining outlook dims | BusinessChemicals and energy group Sasol has signed three power purchase agreements for almost 300MW of wind energy which will help kick off its decarbonisation plans for its Southern African value chain. | News24_Business _Business Sasol going for wind energy to keep supplying fuels. The irony.
Bron: News24 - 🏆 4. / 80 Lees verder »
Eskom paid Exxaro R9.7 billion in penalties on Medupi coal contract | BusinessEskom, which is struggling to find cash to keep its generators running, paid billions of rand in penalties on a coal contract at one of its newest plants. | News24_Business _Business Don't you think that there is something fishy here? Exxaro is a BEE company. No wonder they got paid billions in penalties. They all involved in the gravy train. Brian molefe, koko, the whole bloody lot _Business I can't explain how you make me feel right now the joy in me is unbelievable I have made over $118,000 for the past a month through the help of obrikihenry1 _Business Payed it to who this is the corrupt circle of this government create a problem than pay and so the money go they pockets its becoming a normal thing everyone blamed the guptas but still the corruption are going on even more
Bron: News24 - 🏆 4. / 80 Lees verder »
Microsoft invests billions in ChatGPT firm OpenAI after announcing axing of 10 000 workers | BusinessMicrosoft on Monday said it had extended its partnership with OpenAI, the research lab and creator of ChatGPT, an artificial intelligence chatbot that has sparked widespread fears of cheating in schools and universities. | News24_Business _Business I can't explain how you make me feel right now the joy in me is unbelievable I have made over $118,000 for the past a month through the help of obrikihenry1
Bron: News24 - 🏆 4. / 80 Lees verder »
Nigeria opens 'game changer' billion-dollar deep seaport in Lagos | BusinessMany of Nigeria’s existing seaports, inherited from the colonial administration, no longer function properly. Run by a black government the proof is there a black government filled with greed only thinks about filling they pockets and run african countries into the grounds and see nothing wrong with it Same in South Africa They have the richest man in Africa, yet they chose to use the Chinese, sacrificing 75% ownership.
Bron: News24 - 🏆 4. / 80 Lees verder »