Thungela Resources, South Africa's biggest coal exporter, is expected to sit with a million more tonnes in inventory after Transnet Freight Rail's (TFR's) performance faltered in the first half of 2024. 

Thungela CFO Deon Smith told shareholders this week that TFR's performance had been a “key constraint” on the business, and said the state rail entity needs to improve rail volumes by 20% in the second half of 2024 if Thungela is to meet its targets...

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