Efforts to clear the tracks were interrupted by extortion and violent acts by a community group that demanded contracts. That added to a plethora of issues plaguing Transnet — it’s invoked a force majeure six times in less than two years. The recent assessment of the site indicates the resumption of normal services on the coal line known as the North Corridor that runs from mines to the Richards Bay Coal Terminal, Transnet said. Transport constraints before the latest force majeure were estimated to be costing the mining industry 100 billion rand ($5.6 billion) in revenue, an amount that would have produced an extra 27 billion rand in taxes, Busi Mavuso, the chief executive officer of lobby group Business Leadership South Africa, said in a note last month. (By Paul Burkhardt)Read More: Namibia plans railway revamp to boost regional coal exports

Source: The North Africa Journal November 26, 2022 10:48 UTC