South Africa
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Ground Freight
Congo wants Trafigura partner Chemaf's deal with China's Norinco halted
The government of the Democratic Republic of Congo is opposed to a proposal by Chemaf SA to sell its copper and cobalt mines in the country to China's. Norin Mining, according to a document seen . Chemaf, a veteran partner of products trader Trafigura,. said in June it had actually consented to offer its mines in Congo to the. unit of Chinese state-backed defence and industrial giant, China. North Industries Corp (Norinco). Chemaf put itself up for sale in 2015 due to a cash crunch. that was stalling the expansion of its Etoile and Mutoshi. projects in Congo as cobalt
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Ground Transportation
Thungela CEO expects South Africa coal to export to rebound as rail improvements.
Thungela Resources, a South African company that exports thermal coal used in power plants, expects to see a rebound in the country's fossil fuel shipments from next year, as the rail bottlenecks are eased, said CEO July Ndlovu on Monday. In 2023, coal shipments in the country fell to their lowest level for three decades. This was due to the lack of locomotives and spare parts as well as vandalism and theft of cables. Ndlovu stated that coal shipments may reach more than 50 millions tons annually by 2025. Transnet's railway unit transported 76.47 millions tons of fossil fuel in