S. African port operator Transnet restores some operations at Richards Bay after fire
Mining News Pro - South African monopoly port operator Transnet said on Monday it had restored many of its operations since a fire broke out at its Richards Bay terminal last week, but that it still needed to ensure affected areas where safe before resuming others.
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S. African port operator Transnet declares force majeure at Richards Bay terminal
Mining News Pro - South Africa’s monopoly port operator Transnet late Friday declared a force majeure at its Richards Bay Bulk Terminal, it said in a statement, following a fire that broke out at the port on Wednesday.
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Transnet CEO expects subdued commodity prices to weigh on recovery from Covid
Mining News Pro - Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in surging debt and currency volatility.
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Transnet reports recovery in some units, but still expects big Covid-19 revenue hit
Mining News Pro - State-owned freight logistics group Transnet reports that there has been a recovery in some of its operations since the easing of lockdown restrictions and is increasingly tending towards an “optimistic” recovery scenario for many of its units – a scenario that assumes a ramp-up to full operations by January 2021 and a revenue reduction of R6-billion for the financial year.
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Transnet says coal exports expected to dip this year
Mining News Pro - Coal exports are expected to drop this year, following a disappointingly slow run over the past few months, says Transnet Freight Rail coal GM Mandisa Mondi.
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