Kumba battles to clear stockpile as logistics problems persist
But it sees some improvements at Transnet and maintains its full-year production and sales guidance
18 July 2024 - 09:53
UPDATED 18 July 2024 - 18:17
The finished stock held by Kumba, SA’s largest iron ore producer, increased to 8.2-million tonnes at the end of June from 7.1-million tonnes, as SA’s logistics woes persists, though the mining house said it began to see improved performance from Transnet in the second quarter of this year.
The company, which Anglo American recently decided to keep after an extensive portfolio review, said its sales for the six months to end-June were down 5%...
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