Exxaro reduces coal exports forecast due to problems at Transnet
Exxaro says 4-million tonnes of export coal are at risk of being lost, up from the estimate of 3-million in August
02 December 2021 - 17:42
Exxaro Resources has further revised down its coal export sales volumes forecast for the 2021 financial year, citing the poor rail performance operated by Transnet Freight Rail (TFR) that is inhibiting its ability to move coal to ports.
In an operational update for the six months to end-December, Exxaro said on Thursday that 4-million tonnes of export coal were at risk of being lost, up from the estimate of 3-million in August. These leave projected total coal export sales volumes for the full-year year at 7.5-million tonnes, down from the original estimate of 11.6-million tonnes...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.