Botswana and Namibia will sign a deal at the end of this month to develop a 1,500-kilometer (932- mile) railway for transporting coal exports to the port of Walvis Bay, according to the Botswana Chamber of Mines.
South Africa’s Richards Bay Coal Terminal, the world’s largest standalone facility for the fuel, said the power failure that started at the end of January is costing 200 million rand ($18 million) a day.
South Africa’s Richards Bay Coal Terminal, the world’s largest single facility for the fuel, will increase exports to a record this year as rail-transport and efficiency improvements allow more shipments to pass through.
Transnet SOC Ltd., the South African state port and rail-freight operator, plans to boost coal train deliveries to the Richards Bay Coal Terminal by 17 percent in 2011, according to Chief Executive Officer Brian Molefe.
Richards Bay Coal Terminal, Africa’s largest coal-export facility, and the South African Trade and Allied Workers’ Union resumed talks today to resolve a pay dispute after a mediator intervened, a union official said.