New coal freight contracts issued last week by South African rail freight operator Spoornet include stiff performance penalties for producers but few for Spoornet itself, South African coal producers and transport sources said.
South Africa's coal mining companies are almost completely reliant on Spoornet to take their exports to the Richards Bay Coal Terminal (RBCT), the world's biggest single coal port.
Large and small producers said they were reluctant to accept the new Spoornet contracts as they stand because the operator does not propose to face a similar level of penalty if it fails to perform.
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