Africa’s biggest iron ore producer wants a “speedy” turnaround at Transnet Freight Rail (TFR) as logistics constraints continued to hamper its performance in the six months ended June.
Kumba Iron Ore, an Anglo-American subsidiary, has more capacity than the volumes Transnet rails to ports. It curtailed its output in late 2023 as Transnet’s rail performance deteriorated and commodity prices sank. In February it slashed capital expenditure and reduced its workforce...
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