Tag: Richards Bay Coal Terminal faces cargo loading concerns as Stocks plummet to 2.31 mnt
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South Africa: RBCT faces cargo loading concerns as stocks plummet
Richards Bay Coal Terminal stocks at 2.31 mnt raise concerns of cargo loading slowdown. Inventories have declined 25% from 3.09 mt a month earlier. Limited rail capacity led RBCT shareholders to depend heavily on coal reserves. Transnet cites adverse weather, power outages, and cable theft impacting railings to RBCT.