Rain not affecting deliveries – RBCT
Richards Bay Coal Terminal says persistent heavy rains have not stopped coal deliveries to the port.
Coal prices drop as fears of supply crunch ease
Prices of prompt coal cargoes have fallen by around $1.00 a tonne as fears of a severe supply crunch eased, traders and utilities say.
Coking coal may hit $500 a tonne:analysts
Spreading floods in Australia, which produces half the world's coking coal, may push prices even higher say analysts.
Sentula raises R740m senior debt facility
Sentula Mining has announced that it has received final credit approval for a facility in the amount of R740m from a consortium of financial institutions to refinance the group's existing senior debt facility and provide liquidity to the group.
Flood affected coal line to reopen
Australia's most flood-affected coal rail line may be reopened as early as next week, says operator QR National.
India weighs Riversdale bid
An Indian consortium of five state-run firms will meet next week to decide on a counter offer for Riversdale Mining.
Coal railings back to normal, says Transnet
Transnet Freight Rail says its coal line service is back to normal, adding that its catch-up in clearing the backlog of coal railings remains on track.
Heavy rains hit SA coal exports
Logistics group Transnet says heavy rains have disrupted its freight rail operations, affecting coal and maize exports.
Mozambique denies India more coal deals
Mozambique has denied emerging industrial giant India five more coal concessions, saying the Asian nation should first develop sites where deals have already been struck.
Floods push coal price to one-year high
Fresh flooding in top global exporter Australia has added a further $10 to coal prices, driving thermal coal to a year high.