04
Dec
11:03
Kumba limits output to maintain year-end inventory
Kumba Iron Ore has lowered its production and sales guidance for 2020 to 37 million tonnes and 39mt respectively, following the completion of the annual rail and port maintenance by Transnet. The miner says the lower production is to ensure finished stock is maintained at optimal levels.
The previous guidance, which Kumba re-asserted after the third quarter, was for 37-39mt of output and 38-40mt of sales (see Kallanish passim).
On-mine unit cost guidance for Sish…
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