"most of RSA's export coal goes to Europe"Mike, that used to be...

"most of RSA's export coal goes to Europe"

Mike, that used to be the case. Not any more:

Asia takes 78% of SA's coal exports

March 22 2012 at 06:26pm

By Reuters

Asia's share of South Africa's coal exports rose to 78 percent or 4.7 million tonnes in February out of a total of 6 million, up from 61 percent in the previous month, exporters said.

Asia, including India, has taken an increasing proportion of South Africa's coal during the past few years and despite the substantial rise in monthly export tonnages seen since last June, while Europe's share has been shrinking.

India took 1.9 million tonnes in February, up from 1.3 million in January.

China, a key spot buyer of most coal origins, took 965,000 tonnes in February, up from 316,000 in January.

The Atlantic market as a whole accounted for 1.3 million tonnes in February, down from 1.6 in January.

Amsterdam-Rotterdam-Antwerp (ARA), Europe's main coal import hub, brought in only 160,000 tonnes or one capesize cargo of South African coal in February. - Reuters