Bloomberg reported that South Africa's Richards Bay Coal Terminal (RBCT), the world's biggest stand-alone facility for the fuel, plans record shipments this year after battling a power cut. "We are still on track to ship 72 million metric tons (mt) in 2014 compared with 70.2 million mt last year," said Nosipho Siwisa-Damasane, CEO of RBCT.
It will be another record year." She also admitted that the forecast is less than the 73 million mt that RBCT originally planned. Faults on municipal power cables halted operations for 10 days in February, with the backlog cleared by the end of March. The facility seeks to handle about 75 million mt next year.