Africa’s largest iron-ore miner has once again flagged rail constraints as its knocks a million tonnes off its full-year sales forecast
Africa’s largest iron ore miner expects a near-tripling of interim profit because of sharply higher prices for the main steel ingredient and improved exports, but concerns remained about SA’s rail network.
JSE-listed Kumba Iron Ore, an Anglo American subsidiary, dropped its full-year sales guidance by one-million tonnes because of rail constraints linking its mines to Saldanha harbour and adverse weather at the start of the year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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