South African railproblems and computer bugs at Richards Bay Coal Terminal (RBCT) are failing toallow coal exporters to meet demand from Indiaand Chinain Q1, 2010. Reuters reported that a new computer system is costing billions ofrand in demurrage. Producers and transporters say prices have been forced up,logistical bottlenecks have increased mine stockpiles, and terminal stocks areso low exporters are buying from each other to fill waiting ships. RBCTinstalled new equipment and a new computer system as part of its Phase Vexpansion to raise export capacity to 91mn tons/year, but has had to revert toits old system while it fixes bugs in the new one and has delayed Phase V ayear, to Q1.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more