Kumba slashes production guidance due to Transnet’s poor rail network

 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 Kumba Iron Ore has slashed its 2022 production guidance and that for the next two years to better manage stock levels on its mines as state-owned transport entity Transnet battles to get its…...

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Edward Smit