The Minerals Council of South Africa has called for urgent intervention to address logistical bottlenecks which put the industry at risk of incurring record losses this year.
"If there is no change or urgent intervention to address the logistical bottlenecks, the mining industry is likely to incur similar opportunity costs this year, if not surpassing historical losses," said the council’s chief economist Henk Langenhoven. Thermal coal export tonnages were 8% higher,"meaning companies, traders and the fiscus have not fully realised the 150% improvement in coal prices if capacity existed to increase volumes", the council said. Production was 3% lower.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rail industry welcomes National Rail Policy, but Transnet’s approach has 'no hope of success' | The CitizenThird party access for the rail industry will be difficult due to Transnet’s current third-party access process that limits it to two years.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Calls to deregulate fuel price are 'ignorant', retail industry says | Fin24Deregulating the fuel price will not bring prices down but will hurt the already marginal fuel retailers, the industry has warned. | Fin24 Fin24 So the fuel retai must hurt us? 🤣🤣 Fin24 Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks Williamchurch07 Fin24 Tax is the problem NOT Retail margins. Stop protecting this over corrupt government.
Source: News24 - 🏆 4. / 80 Read more »