Big expansion for Kumba

Global iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.

Total shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.

The volume of mining commodities handled by Transnet has fallen from 181.1 Mt in financial year 2020-21 to 149.5 Mt in 2022-23, with coal particularly affected.

Designing and installing new equipment might grab the headlines. But just as important for manufacturers is regular maintenance and inspection of systems.

As a result of the plan, Rio Tinto now expects to begin production one year earlier than planned on its side of the project, in October 2025.

Now operating the facility under the name ‘Reload Dry Bulk Richards Bay Facility’, the warehouse joins Reload’s portfolio, covering all of Sub-Saharan Africa.