BULKS

Possible coal impact amid more transport woes in South Africa

Follows rail freight issues

Staff reporter

This article is 4 years old. Images might not display.

Transnet had not specified the impact on commodity exports when it declared force majeure at the Richards Bay bulk terminal late on Friday, Reuters reported.

The ports at Richards Bay and Durban had been impacted by protest action in KwaZulu-Natal during July. 

There was further chaos at the ports in late July when Transnet was hit by a cyberattack.

Transnet said earlier this week "significant progress" had been made in restoring operations at Richards Bay, with five of seven conveyor belts back in action on Monday.

"A technical team has also been deployed to assess the extent of the damage with fire investigators working to establish the root cause," Transnet said.

"Should it be found that any of the incidents were as a result of operational negligence on the part of any Transnet employee, further action will be taken."

The province is also host to the Rio Tinto-operated Richards Bay Minerals, which was shuttered for almost two months earlier this year due to a deteriorating security environment after one of its managers was assassinated on his way to work in May.

 

The Richards Bay port handles 13 commodities, including coal, which is seeing soaring prices due to the power crisis in China and continuing supply constraints

Anglo American spin-off, thermal coal miner Thungela Resources, was last week forced to cut production guidance due to issues with Transnet's freight rail network, which has been beset by thefts and vandalism. 

The second Transnet fire was at Durban's grain export terminal, where Transnet said it was "working around the clock" to ensure the grain conveyor belt was restored before the next grain vessel arrived on October 26.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.