South Africa coal, metal exporters to spend billions on rail
Organizations representing firms including Glencore and a unit of Anglo American are negotiating the terms of the pacts with Transnet.
Gold hit a record high for the second day running yesterday on rising fears of debt default and future inflation. Spot metal touched an intraday best level of $1 594 (R10 933) an ounce and set a record fix of $1 592.50 in the morning in London before dropping back to $1 590.50 at the afternoon fix.
