South Africa’s coal production was estimated to be around 234 million tonnes to 247 million tonnes, in the last financial year, but exports dipped to 56.4 million tonnes, due to constrained rail performance.
Speaking at the McCloskey Coal Conference in Cape Town, last week, Advocate Michelle Phillips, Transnet Group Chief Executive, said there is evidence of progress achieved, through the Reinvent for Growth (R4G) strategy.
These are rail volume recovery figures, which stabilized and export coal volumes up by 8% year-on-year.
Exports are expected to increase to 58.9 Mt, from last year’s 56.4 million tonnes.
She also alluded to modernised Port equipment including new tugboats, straddle carriers and gantries, alongside performance improvements across TPT terminals.
She also said security-related volume losses were reduced by 56% Year on Year (YoY) through strengthened partnerships with the police (SAPS) collaboration, K9 deployments and drone surveillance.
Strategic partnerships thus far, include unlocking growth through a 25-year DCT Pier 2 partnership with ICTSI, LNG terminal agreement with ZET, Petredec LPG collaboration, and coordinated recovery plans with RBCT and the mining sector.
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