why the downtrend, page-9

This was posted on the RES thread (thanks to GS):

New SA coal terminal for Richards Bay - report
REUTERS
Published: 2010/03/09 09:29:11 AM


Coal production - Business Day

A new South African thermal coal export terminal will be built this year at South Dunes near Richards Bay that could start shipments as early as June, South African industry sources said.

Two junior coal mining companies have been pushing for the new terminal to be built by the National Ports Authority to enable more small Black Economic Empowerment miners to export their own coal, sources close to the deal said.

The new terminal will start at a rate of around 1,2 million tonnes per year but this could rise significantly, the sources said.

If South African state rail operator Transnet Freight Rail cannot provide a rail line or trains to move coal to the new terminal, British rail freight company Freightliner is willing to partner with Transnet to do so, the South African sources and Indian coal buyers approached by Freightliner said.

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