New Coal Route to Open in South Africa
Reuters reported that Strategic Natural Resources' (LSE:SNRP) joint venture will allow coal shipments along a new route in the Eastern Cape.
Reuters reported that Strategic Natural Resources' (LSE:SNRP) joint venture will allow coal shipments along a new route in the Eastern Cape.
Bloomberg reported that coal shipments from South Africa's Richards Bay terminal were up 7.7% in April over the same period in 2011.
Bloomberg reported that coal export prices from South Africa's Richards Bay terminal dropped for a third week.
Reuters reported that South Africa coal exports were up for March.
Bloomberg reported that South Africa's Richards Bay terminal enjoyed increased coal prices for the first time in a month.
Mining Weekly reported that Coal of Africa (ASX:CZA) said hard coking coal was confirmed at Makhado and the company was looking at supplying the Indian market.
Platts reported that Tata Power (BSE:500400) is offering to buy 30% of the South Africa-based Sekoko coal project.
Bloomberg reported that coal prices at the Richards Bay terminal dropped to a 6-week low.
Reuters reported that prompt South African physical coal prices rose as investors looked to cover their short positions.
Reuters reported that coal prices rose alongside oil and power.
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