KUMBAIO: 28,459 +1318 (+4.86%)
South Africa's iron ore railway to be shut down for annual maintenance
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CAPE TOWN, Sept 12 (Reuters) - The main railway line along
South Africa's iron ore corridor will be shut down for annual
maintenance from 26 September to 2 October, state-owned freight
logistics firm Transnet said on Wednesday.
The railway line that stretches up to 861 km (534 miles)
from iron ore mines at Sishen in the Northern Cape to the
Saldanha port in the Western Cape is South Africa's main link
for iron ore exports.
"There will be no traffic flowing on the line during this
period as this is a pre-planned exercise following consultations
with customers," Transnet's Freight Rail unit said in a
The maintenance work will involve replacing old and obsolete
equipment as part of plans to ramp up capacity on the line,
Railed iron ore, sourced mainly from Kumba mines,
totalled 57.2 million tonnes last year versus a target of 60
million tonnes as mine production and other technical problems
hurt rail volumes, the logistics firm said.
Kumba reported a sharp drop in its interim earnings in July,
and flagged problems with the rail network, which like other
state-run sectors of the economy has suffered from mismanagement
(Reporting by Wendell Roelf
Editing by James Macharia)
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