South Africa's Richards Bay Coal Terminal (RBCT) exported a record 76.47 million tonnes of coal in 2017, and aims to export 77 million tonnes this year.
The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).
The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.