Mining News

Thungela lowers production guidance owing to deteriorating rail performance

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JSE-listed coal exporter Thungela Resources says that, following an initial recovery in the performance of Transnet Freight Rail (TFR) subsequent to the yearly maintenance shutdown in July, rail performance has continued to deteriorate in the second half of the year. Thungela consequently implemented actions to mitigate the impact on its business. Third-party sales, which use the rail entitlement of Thungela, have been reduced from 926 000 t in the first half of the year to an anticipated 25 000 t for the second half of the year.

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