Transnet Suspends Operations on South Africa’s Main Iron Ore Export Line
March 11, 2024
Transnet has suspended operations on South Africa’s main iron ore export line following a train derailment early Sunday
Tag: South Africa
MC Mining Receives Higher Takeover Offer from Vulcan Resources
March 10, 2024
MC Mining has received a higher takeover proposal from Vulcan Resources compared to a previous offer from Goldway Capital consortium.
South Africa Thermal Coal Exports up 5% MoM & 27% YoY in Feb’24
March 6, 2024
South Africa’s thermal coal exports rose by 5% m-o-m to 5.16 million tonnes (mnt) in February 2024 as against 4.91 mnt in January 2024
Indonesia & South Africa aim to regain lost share in Indian coal market
February 29, 2024
Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said
Exxaro Sharpens M&A Focus After Copper Mine Loss to China
February 9, 2024
Exxaro Resources Ltd. Chief Executive Officer Nombasa Tsengwa is sharpening the South African coal producer’s diversification strategy
South Africa’s logistics hurdles turn boon for growing Indian appetite
February 9, 2024
South Africa’s logistical and operational challenges have failed to disrupt coal supplies to India, one of the major importing nations…
Truck Traffic Burdens South African Ports as Rail Options Falter
February 7, 2024
Coal mines in S Africa — which has the largest proven reserves of the fuel on the continent — moved record volumes to ports by truck last year
MC Mining Takeover Offer: Investors Advised to Wait as Minority Share Price Jumps
February 5, 2024
Australian coal company MC Mining has received a A$65.2m ($42.3m) takeover offer from a group representing 64.3% of its shareholders
MC Mining’s JSE share price spikes on receipt of bidder’s statement
February 2, 2024
The JSE share price of South Africa-focused coal miner MC Mining rose by 26% on the afternoon of February 2,
Transnet says rail volumes recovered slightly in the last quarter of 2023
February 2, 2024
Transnet Freight Rail (TFR) says it experienced an improvement in rail volumes in the last quarter of the 2023 calendar year,
South Africa thermal exports drop 25% MoM in January
February 2, 2024
South Africa’s thermal coal exports dropped 25% m-o-m to 4.91 million tonnes (mnt) in January 2024 as against 6.57 mnt in December 2023
Decline in coal line security incidents is improving Transnet performance
January 30, 2024
Security incidents that disrupt trains transporting coal to South Africa’s Richards Bay Coal Terminal (RBCT) for export to the world…