Transnet disruptions cost Kumba R6bn over six months
Kumba is concerned about new incidents of cable theft on the iron ore line
25 July 2023 - 08:14
UPDATED 27 July 2023 - 13:24
The missed export opportunity due to the disruption of rail services cost SA’s largest iron producer, Kumba Iron Ore, about R6bn in earnings during the first six months of 2023.
Kumba CEO Mpumi Zikalala said they were particularly concerned by three incidents of copper cable theft in June, which had previously not been a problem on the iron ore line...
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