Anglo American plc has released a statement regarding the announcement on 10 October 2022 submitted to the Johannesburg stock exchange by Kumba Iron Ore Limited regarding the declaration of force majeure by Transnet SOC Limited. The text of the announcement is copied below.
Kumba has received a notice of force majeure from Transnet SOC Limited (“Transnet”) on 7 October 2022 due to strike action by Transnet’s unions.
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. The company’s production and sales report for the third quarter of 2022 is scheduled for release on 27 October 2022.
– Anglo American plc
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