Gift an article

Transnet strike, derailment cost Exxaro half a million tons of export sales

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Getty Images/File

Exxaro Resources may have lost as much as R2 billion in export sales as a result of the Transnet wage strike and derailment on the coal export line.

In an operational update on Thursday, the coal miner said it lost out on half a million tonnes that would have been railed to and shipped out of the Richards Bay Coal Terminal, had it not been for a two-week wage strike at Transnet which was followed by almost another two weeks of disruptions owing to a derailment on the Transnet Freight Rail (TFR) North Corridor.

Using an estimated benchmark export coal price of $271 a tonne in 2021, and an average exchange rate of R15, News24 calculates that Exxaro may have lost as much as $135.5 million, or over R2 billion, in sales as a result of just these two disruptions in the current financial year, which ends in December.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
Rand - Dollar
17.47
-2.2%
Rand - Pound
21.05
-0.0%
Rand - Euro
18.91
-0.0%
Rand - Aus dollar
12.09
-0.0%
Rand - Yen
0.13
-0.0%
Platinum
974.02
0.0%
Palladium
1,623.95
0.0%
Gold
1,865.16
0.0%
Silver
22.35
0.0%
Brent Crude
79.94
-2.8%
Top 40
74,082
+0.6%
All Share
80,241
+0.6%
Resource 10
75,186
+0.7%
Industrial 25
103,461
+0.8%
Financial 15
16,550
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders