Increased South African coal exports boost Transnet’s revenues



London —
South African logistics company Transnet said Monday that increased coal export volumes in the year ending March 31 helped boost its revenues for the period.

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77 million mt of export coal railed in year to March 31

Plans to increase coal export line to 81 million mt/year

The company said it reported an 11% increase in revenues to Rand 72.9 billion ($5 billion), partly driven by a 4.3% rise in railed export coal volumes to 77 million mt. This was helped by a record monthly throughput of 7.2 million mt in September.

The report said Transnet subsidiaries Transnet Freight Rail and Transnet…

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