SA coal exports nosedive nearly 10%

SA thermal coal exports for February slumped for the second month in a row, falling 9.5% to 6 million tonnes.

This was due to lower exports to Europe, according to the global energy information provider, Platts.

Shipments to European countries totaled 454 399t during the month, plummeting 75.7% from January’s 1.87m tonnes.

Shipments to India, meatime, rose 39% to 2.8m tonnes as it stocked up before the May-September monsoon season.

Also, the UAE imported 95% more to a total of 204 887t, and Israel also upped imports by 47% to 492 942t.

Exports to Turkey were 673 730t, to the US 50 000t and to Pakistan 55 000t.

China and South Korea imported no SA coal during the month.