Subscribe to RSS feedNew South Africa coal plan
A NEW South African thermal coal export terminal will be built this year at South Dunes near Richards Bay. It could start shipments as early as June. Two junior coal mining companies have been pushing for the new terminal to be built by the National Ports Authority, sources close to the deal said. The new terminal will start at a rate of around 1.2m tonnes per year but this could rise with facility upgrades. If South African state rail operator Transnet Freight Rail cannot provide a rail link British railfreight company Freightliner was willing to partner Transnet to do so, sources said. International coal traders who have been seeking additional South African coal export capacity could take stakes in the terminal and have shown interest. However, exporters and traders shipping from Richards Bay coal terminal, the country’s dominant port with a capacity of over 70m tonnes per year, said they were sceptical that any new terminal would be built at South Dunes.
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