Chemicals and energy group Sasol says it is also feeling the effects of problems on Transnet Freight Rail’s network, but it has also seen the benefits of record coal prices in its first quarter ending September.
Sasol said, however, it was facing logistical issues that were delaying the transport of coal from Secunda to Richards Bay, joining peer Thungela in flagging problems on the rail network this week, with that miner on Monday trimming its production guidance as a result. Locomotive issues, rampant vandalism, cable theft and derailments have hobbled exports of coal and other commodities in 2021, meaning miners cannot take full advantage of record prices, with Chinese imports surging in September as that country grappled with heavy rains that hit production.
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