SA’s largest iron producer Kumba Iron Ore has lowered its full-year export guidance by about 6% as a result of a recent strike at Transnet and other disruptions in the rail and port operator’s services.

“The combined effect of low levels of finished stock at Saldanha Port due to rail constraints year-to-date and industrial action at Transnet in October, has necessitated a revision to our full-year 2022 export sales guidance from 38-40 million tonnes (Mt) to 36-37Mt,” Kumba CEO Mpumi Zikalala said in a production update on Thursday...

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