Richards Bay News
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South Africa’s power capacity exceeded peak demand by the smallest amount since at least January 2012 on May 2, said Eskom Holdings SOC Ltd., the utility that provides 95 percent of the country’s electricity.
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Transnet SOC Ltd., South Africa’s state transport company, defended its monopoly of the country’s eight ports and said it would make no sense for private operators such as France’s Bollore SA to enter the market.
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Record delays for vessels loading corn and soybeans in Brazil, the biggest exporter, are failing to diminish enough of the global capacity glut in shipping to return Excel Maritime Carriers Ltd. and other owners to profit.
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Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, decreased to the lowest level in four months.
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South Africa’s mining industry, backbone of the continent’s biggest economy, is heading for its worst electricity shortage in five years in a threat to platinum and gold production and to the rand currency.
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Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, increased for the first time in six weeks.
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Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined for a fifth straight week.
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South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percent in May, a trader said.
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Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined to their lowest level in more than two months.
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Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined to their lowest level in a month.
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