Exxaro adjusts annual guidance but still sees drop in coal exports as Transnet woes persist
SA’s biggest producer of the fossil says lower international prices have also led to a decrease in volumes being delivered to RBCT by more costly trucks
Exxaro, SA’s biggest coal miner by production, has slightly increased its export guidance for the 2023 financial year, though overall shipments will still be about 1.6% lower than the previous year thanks to the poor state of the country’s rail network.
Shipments for 2023 were revised upwards by 6% to about 5.1-million tonnes compared with the previous guidance of 4.8-million tonnes. Last year the miner exported 5.2-million tonnes of coal...
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.