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.
Zambian President Rupiah Banda opened the country’s largest coal mine Friday, after Singapore’s Nava Bharat took over majority shares and invested $750 million (525 million euros) at the once defunct state entity.
Nava Bharat, a Singapore subsidiary of India’s Nava Bharat Ventures, has a 65 percent stake in Maamba Collieries, with Zambia’s government owning 25 percent through its Zambia Copper Mines Investment Holdings.
