Transnet snubs Kumba’s overture to run lucrative South African iron ore rail line

South Africa’s state-owned logistics company has rejected an overture from an Anglo American Plc unit to take over the running of its iron ore rail line, which is one of its most profitable but battles to move sufficient volumes. Kumba Iron Ore Ltd. wants to lease the line from Transnet SOC Ltd. or run it…...

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Edward Smit

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