Tuesday, 11 Oct 2011
It is reported that Transnet Freight Rail has finally gotten its act together and is consistently railing coal at monthly levels greater than the terminal is actually shipping it out.
Reporting this development, Miningmx says latest statistics from the Richards Bay Coal Terminal show that the turn around started in July when TFR railed 5.7 million tonnes of coal to the RBCT compared with a monthly average of 4.8 million tonnes during the preceding 6 month period to the end of June.
Since then TFR has kept up the pace railing 6.6 million tonnes in August and 6.2 million tonnes during September. A total of 18.5Mt of coal was railed to the RBCT in the three months to the end of September, compared with a total of 16.29 million tonnes that was actually loaded on bulk carriers and shipped out by the terminal.
Miningmx said the impact of TFR’s improved performance on the outlook for total South African coal exports this year is dramatic. At the end of June, TFR had railed a total of 28.9 million tonnes to the RBCT which gave an annualised target for calendar 2011 of 58 million tonnes while the terminal had exported only 27.5 million tonnes for an annualised target of 55 million tonnes.
In 2010, exports amounted to 63.4 million tonnes on par with levels achieved in 1999 when the RBCT only had the capacity to shift 72 million tonnes annually. Current capacity is 91 million tonne. For the three months to end-September TFR has moved coal at an annualised rate of 74 million tonnes while the terminal has exported it at an annualized rate of 65 million tonnes.
(sourced from miningreview)
It is reported that Transnet Freight Rail has finally gotten its act together and is consistently railing coal at monthly levels greater than the terminal is actually shipping it out.
Reporting this development, Miningmx says latest statistics from the Richards Bay Coal Terminal show that the turn around started in July when TFR railed 5.7 million tonnes of coal to the RBCT compared with a monthly average of 4.8 million tonnes during the preceding 6 month period to the end of June.
Since then TFR has kept up the pace railing 6.6 million tonnes in August and 6.2 million tonnes during September. A total of 18.5Mt of coal was railed to the RBCT in the three months to the end of September, compared with a total of 16.29 million tonnes that was actually loaded on bulk carriers and shipped out by the terminal.
Miningmx said the impact of TFR’s improved performance on the outlook for total South African coal exports this year is dramatic. At the end of June, TFR had railed a total of 28.9 million tonnes to the RBCT which gave an annualised target for calendar 2011 of 58 million tonnes while the terminal had exported only 27.5 million tonnes for an annualised target of 55 million tonnes.
In 2010, exports amounted to 63.4 million tonnes on par with levels achieved in 1999 when the RBCT only had the capacity to shift 72 million tonnes annually. Current capacity is 91 million tonne. For the three months to end-September TFR has moved coal at an annualised rate of 74 million tonnes while the terminal has exported it at an annualized rate of 65 million tonnes.
(sourced from miningreview)
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