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Exxaro may export 5 mln tons of coal this year - FD

Friday, 24 February 2012 | 16:30
South African diversified miner Exxaro expects to export 5 million tonnes of coal this year if logistics group Transnet keeps up the trend of improved volumes on the rail lines leading to the Richards Bay Coal Terminal, its finance director said on Thursday.
South African coal miners have been unable to export all their coal destined for exports due to bottlenecks on the rail lines but recent investments by Transnet have been paying off.
"We have had record exports of 4.9 million tonnes this year. If this trend continues we are confident that it will take us to the 5 million tonne level this year," Finance Director Wim de Klerk told a results presentation.
Source: Reuters
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