Kumba opens contract talks with Transnet amid uncertainty
KUMBA Iron Ore may need more capacity on Transnet’s Sishen to Saldanha Bay railway, but where volume isn’t in shortage is in complexity. Not, at least, when it comes to running a…
Kumba hails “stabilisation” of Transnet logistics chain
KUMBA Iron Ore CEO Mpumi Zikalala on Tuesday said there were signs of a “stabilisation” in the performance of Transnet Freight Rail (TFR), the South African government’s ports…
Kumba guidance threatened as on-mine stocks grow 0.9Mt
STOCKS of iron ore increased nearly one million tons at Kumba Iron Ore mines in the first six months of this year as state-owned rail and ports company Transnet continued to…
De Beers chops its production forecast for 2024 as the diamond market fails to recover as expected
De Beers has chopped its rough diamond production forecast for 2024 by about 10% dropping it to between 26m and 29m carats from the previous estimate of 29m to 32m carats.…
Anglo delivers last of 10 Capesize+ vessels fuelled with LNG
ANGLO American said it had delivered the last of 10 cargo ships powered with liquefied natural gas after the Ubuntu Liberty completed its maiden voyage from China to Saldanha Bay…
Minerals Council says letter to Transnet’s Derby ‘mandated’ after Kalagadi quits industry body
THE Minerals Council defended a letter asking for the resignation of Transnet CEO Portia Derby in December, saying decisions of this order had the mandate of the organisation’s…
Kumba expects sub-$100/t iron ore price for rest of 2022 after steeper-than-expected decline
KUMBA Iron Ore took it on the chin both financially and operationally in the six months to end-June as production dropped from both its mines in South Africa’s Northern Cape…
South32 weighs $50m upgrade of SA manganese export facilities in Northern Cape
SOUTH32 was investigating ways to improve the efficiency of its manganese supply chain in South Africa which could lead to an increase in production. Speaking to analysts last…
Kropz reaches agreement with Transnet over phosphate exports from Elandsfontein
AIM-listed phosphate development firm Kropz seems to have resolved its port capacity issues with Transnet which, in May, told Kropz that it did not have capacity to export…
ARM executive lays into Transnet Freight Rail for billions in rands of lost revenue
TRANSNET’S performance on iron ore exports was slammed on Wednesday by African Rainbow Mining Ferrous Division CEO, Andre Joubert who, in a presentation to the Joburg Indaba…
Kropz secures R200m lifeline from majority shareholder ARC ahead of Elandsfontein 2022 liftoff
KROPZ, a phosphate development firm, has secured a R200m lifeline from majority shareholder, Johannesburg-listed African Rainbow Capital (ARC). The miner said in May that it had…
Kropz says tribunal to rule on Elandsfontein phosphate mine water licence this month
KROPZ, a London-listed phosphate mine development company, said a government tribunal would rule on a water use licence this month, potentially bringing to an end four years of…
South32’s SA manganese expansion challenged by Transnet railing headaches
SOUTH32 said the expansion of its manganese operations in South Africa’s Northern Cape turned on overcoming the capacity logjams of Transnet. Speaking in an interview in June for…