Thursday 04 Aug, 2011 | By Montel
A week long coal miners strike in key producer South Africa, which was resolved on Monday, had no impact on coal shipments, with exports in fact rising during the action.
New York-based analysts Commodore Research & Consultancy said that “The now concluded strikes have not affected South African coal shipments.”
Mr Jeffery Landsberg MD of Commodore Research & Consultancy in a note said that “Five South African coal fixtures came to the market last week, two more than the previous week and up from the trailing four week average.”
Mr Landsberg said that stockpiles of coal at the main coal loading port of Richards Bay have also remained firm at around 3 million tonnes, while inland stockpiles at domestic power plants are unchanged at about 13 million tones.
A week long coal miners strike in key producer South Africa, which was resolved on Monday, had no impact on coal shipments, with exports in fact rising during the action.
New York-based analysts Commodore Research & Consultancy said that “The now concluded strikes have not affected South African coal shipments.”
Mr Jeffery Landsberg MD of Commodore Research & Consultancy in a note said that “Five South African coal fixtures came to the market last week, two more than the previous week and up from the trailing four week average.”
Mr Landsberg said that stockpiles of coal at the main coal loading port of Richards Bay have also remained firm at around 3 million tonnes, while inland stockpiles at domestic power plants are unchanged at about 13 million tones.
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