Kumba slashes production guidance due to Transnet’s poor rail network
Kumba and other miners rely heavily on Transnet’s infrastructure to move their dry-bulk commodities such as iron ore and coal to customers
09 December 2022 - 18:30
Transnet’s failing freight rail infrastructure has prompted Kumba Iron Ore to slash its production guidance for 2022 and the following two years, with the mining company now focusing on reducing “a significant build-up” of stockpiles.
Kumba and other miners rely heavily on Transnet’s infrastructure to move their dry-bulk commodities such as iron ore and coal to customers as far afield as China...
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