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SA's Kumba Iron Ore cuts sales target on bad weather, rail constraints

Kitco News

July 20 (Reuters) - Kumba Iron Ore Ltd lowered its 2021 sales forecast on Tuesday, as rail constraints and adverse weather at Saldanha Port in South Africa hampered the miner's first-half trading. The company cut its sales target by 1 million tonnes to 39 million tonnes-40 million tonnes, but retained its production forecast of 40 million tonnes-41 million tonnes as it worked on building up stock at the port.

(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V)

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