It is reported that South Africa logistics group Transnet has been moving coal to the Richards Bay Coal Terminal at a record rate of 1.6 million tonnes per week with stockpiles at the terminal rising as exporters struggle to ship all of their coal.

Mr Brian Molefe CEO of Transnet said "We've been transporting on a weekly basis of around 1.6 million tonnes. What has been exported out of the terminal has been around 1.4 million tonnes. There are stockpiles at RBCT of around 5 million tonnes."

He added that the company was exploring options to transport the coal to alternative ports around RBCT to make sure more shipments go out. Meanwhile, Transnet has posted a 20.3% rise in revenue to ZAR 22.4 billion in the six months to September from the previous comparable period, boosted by strong growth in export iron ore volumes and containers handled at their ports.

(Sourced from miningmx.com)