Transnet blindside sets scene for tough rail contract talks with South32 and other manganese majors | Business

Getty Images

Transnet's unilateral decision to reallocate 2 million tonnes of railing capacity from major manganese producers to emerging miners has set the scene for tough new contract negotiations with the industry - the outcome of which may determine whether certain investment plans live or die. "When you think about large investments you make in a mining company, it's always a concern when the rules change without consultation, or without time to prepare for what that change actually looks like," South32 CEO, Graham Kerr, said in an interview with News24.

Transnet last year resolved to double the railing capacity for emerging manganese miners to 4 million tonnes per annum. The extra tonnages will be taken from existing railing allocation being used by major miners, reducing their lot from 14 million tonnes to 12 million tonnes.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

_Business Long overdue

_Business What do you think of this theory by Sergey Zinov'yev on how the pyramids were built? BreakingNews

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

ESKOM LIVE | Stage 6 load shedding to be implemented on Saturday night | BusinessAll the latest news and analysis on load shedding, power and the national grid. Voetsak ANC. And the circus 🎪 continues Nice. Congratulations Eskom on reaching this milestone again 🚀🔥💯
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

SA tyre industry nervously awaits decision on import duties | BusinessSA's tyre manufacturers say this year, they are focused on fighting illicit tyres, decarbonisation, and tackling waste tyres. | News24_Business
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

Thabile Nkunjana | Why veg and fruit prices have rocketed - and may stay high | BusinessOPINION | High prices for some fruits and vegetable products might persist for a while, warns Thabile Nkunjana. Once up - they never go down
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

Here are 13 reasons why we haven't made contact with aliens yet | Business InsiderA Nobel prize-winner thinks we'll detect aliens within 100 years, possibly sooner. Other scientists think we might never make contact.
Fonte: BISouthAfrica - 🏆 34. / 51 Consulte Mais informação »