Chronic issues on the Transnet rail lines are expected to affect impact Exxaro’s export volumes by two-million tonnes, translating to potentially a couple of billion rand in lost revenue.

Ahead of its half-year financial close, Exxaro on Tuesday warned that coal production and sales volumes were expected to decrease by 11% and 9%, respectively, for the six months ended June 2021. That would be mainly due to continued problems on the Transnet Freight Rail (TFR) line that transports coal from its Limpopo and Mpumalanga operations down to Richards Bay for export...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now