Mining News

Kumba working with Transnet to fix tracks so that rail speed can be lifted

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Anglo American group mining company Kumba Iron Ore, which on Tuesday reported a superb set of record half-year results, is working with Transnet to refurbish the iron-ore export line so that trains can travel at a higher average speed than the current 30 km/h. In the six months to June 30, Kumba’s earnings before interest, taxation, depreciation and amortisation (Ebitda) were R44.4-billion, and every additional million tonnes of iron-ore generates an extra R3-billion at current prices.

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