Thu Jul 7, 2011
*Transnet hopes to move 70 mln tonnes in 2011/12
JOHANNESBURG, July 7 (Reuters) - South Africa's coal exports from the Richards Bay Coal Terminal (RBCT) rose to 4.78 million tonnes in June from 3.57 million the previous month, RBCT data showed on Thursday.
South Africa -- a major exporter of coal to power stations in Europe and Asia -- had 2.99 million tonnes of stock at the terminal at the end of June, RBCT said.
South African freight logistics group Transnet [TRAN.UL] has said it expects to move 70 million tonnes of export coal to port by rail in its 2011-12 financial year, though problems on the line have put its target in doubt.
Coal producers in South Africa, including Anglo American (AAL.L: Quote), BHP Billiton (BHP.AX: Quote)(BLT.L: Quote), Exxaro (EXXJ.J: Quote), Optimum Coal (OPTJ.J: Quote) and Xstrata (XTA.L: Quote), have been eager to export more coal to meet fast-rising demand from India and China, but have been limited by infrastructure bottlenecks.
South Africa's coal exports via the Richards Bay terminal have been way below the expanded capacity at the terminal of 91 million tonnes.
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