Coal Investing News » Coal Exports to India from South Africa Falls

Coal Exports to India from South Africa Falls

May 17, 2010 @ 6:40 pm In Coal Company News

One of the largest export coal terminals in the world, Richards Bay Coal Terminal ^[1] (RBCT)'s exports to India from South Africa has fallen from 2.5-million in March to 1.7-million tonnes in April. The fluctuation is due to rail capacity constraints.

One exporter is quoted saying:

"The Indian demand is still very strong and steady, there's no question that they need the coal. They just don't like prices of over $90 or firm freights.'

Click here to access the entire news ^[2]

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URLs in this post:

[1] Richards Bay Coal Terminal: http://www.rbct.co.za/

[2] Click here to access the entire news: http://af.reuters.com/article/investingNews/idAFJOE64G08M20100517