Kumba Iron Ore has received a notice of force majeure from Transnet SOC Limited on 7 October 2022 due to strike action by Transnet’s unions. Kumba said “We have implemented contingency plans to safeguard our assets and minimise the impact on operations. However, as a result of the disruption to Transnet’s rail and port services, the estimated impact on production is approximately 50,000 tonnes per day for the first seven days and thereafter, approximately 90,000 tonnes per day. Export sales will be impacted by approximately 120,000 tonnes per day.” Kumba will continue to monitor the situation closely and provide further updates, as appropriate.
Kumba Iron Ore has received a notice of force majeure from Transnet SOC Limited on 7 October 2022 due to strike action by Transnet’s unions. Kumba said “We have implemented contingency plans to safeguard our assets and minimise the impact on operations. However, as a result of the disruption to Transnet’s rail and port services, the estimated impact on production is approximately 50,000 tonnes per day for the first seven days and thereafter, approximately 90,000 tonnes per day. Export sales will be impacted by approximately 120,000 tonnes per day.” Kumba will continue to monitor the situation closely and provide further updates, as appropriate.
