Otmane El Rhazi : Transnet says take-or-pay contracts offer volume ‘cover’ in weak commodity climate

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

State-owned freight logistics group Transnet is budgeting for continued growth in coal and iron-ore export volumes in 2015/16, despite weak commodity market conditions. The group railed 76.3-million tons of export coal last year, a material 12% increase on the 68.2-million tons achieved in 2013/14. It also reported a 10% rise in iron-ore export volumes to 54.3-million tons.