Richards Bay Coal Exports Climb to Record in 2014

Exports from South Africa’s Richards Bay Coal Terminal, the world’s largest single facility for the fuel, rose to a record in 2014.

The terminal shipped 71.2 million metric tons last year compared with 70.2 million tons 12 months earlier, Chief Executive Officer Nosipho Siwisa-Damasane told reporters at the port on Tuesday. It also received 72.4 million tons by rail, 2.8 percent more than in 2013. This is the second year that deliveries and exports have exceeded 70 million tons. The target for shipments was 72 million tons.

Faults on municipal power cables halted operations for 10 days in February, with the backlog cleared by the end of March. The facility seeks to handle about 74 million tons this year, and maintenance will be key, Siwisa-Damasane said. The country’s power utility is struggling to meet demand and has forecast a high probability of scheduled power cuts on most work days until the end of April.

Source:  http://www.moneyweb.co.za/

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