Lower commodity prices have led to a fall in output of coal and iron-ore shipments from SA mines, according to online sources.

Transnet CEO, Siyabonga Gama, was quoted by Bloomberg news agency as saying that Transnet had not matched the railing of its peak volumes from last year which stood at 76.4 million metric tons of coal to the Richards Bay Coal Terminal on the east coast and 60 million tons of iron-ore to Saldanha port on the west coast.

Iron ore prices have fallen by 46% in the past two years, while the price of coal at Richards Bay on South Africa’s Indian Ocean coast has dropped by 36%.

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