S.Africa’s Richards Bay exports up 10% in 2024 amid rail improvement
Coal exports from South Africa's Richards Bay rose to 52.08 million tonnes in 2024, the highest in three years.
Peabody Energy has teamed up with ArcelorMittal to offer $5 billion for Australia’s Macarthur Coal , the world’s biggest producer of pulverised coal, as demand for steel-making raw materials intensifies.
The cash offer of A$15.50 a share represents a 40-percent premium to Monday’s close and comes just a day after Australia unveiled a plan to tax carbon emissions from the nation’s worst polluters, or about 500 companies, including coal miners.
