Thungela Assets, South Africa’s largest shipper of thermal coal burned in energy stations, stated its shipments of the gas haven’t been impacted by a employees’ strike on the nation’s key coal export hub.
Staff at Richards Bay Coal Terminal, which is owned by coal exporters together with Thungela, Exxaro Assets, Glencore, and Seriti, have been on a strike for the previous three weeks.
A two-week strike at South Africa’s state-owned ports and rail firm Transnet final yr hit coal shipments, worsening losses for mining corporations already failing to maneuver adequate volumes to ports attributable to locomotive shortages, cable theft, and vandalism of infrastructure.
The coal terminal has continued to perform throughout the employees’ strike, although it isn’t recognized for a way lengthy the strike motion will final, Thungela stated. “Presently, we don’t anticipate an impression on the vessels deliberate for Thungela in October,” a Thungela spokesperson advised Reuters.
“Negotiations are persevering with.”
The RBCT didn’t instantly reply to emailed questions. A spokesperson for the Affiliation of Mineworkers and Development Union, whose members are on strike, could not be reached for remark.
Coal shipments passing by means of the RBCT fell to about 50 million tons final yr, the bottom stage since 1993, as a result of challenges of transferring the gas to ports.
(Reuters – Reporting by Nelson Banya; Enhancing by Felix Njini and Christina Fincher)