Transnet says coal exports expected to dip this year

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. “For the current financial year, the target for export was 77-million tonnes. We are trending at 73-million tonnes. We hope to have a good February and March, but unfortunately we are seeing a cancellation in terms of orders,” he told the IHS Market Southern African coal conference, in Cape Town, on Friday.