Assmang follows Transnet in declaring force majeure

February 03, 2021 / www.metalbulletin.com / Article Link

South African manganese miner Assmang has declared force majeure on some shipments after state transport provider Transnet issued the same notice last week.

Assmang's notice refers to immediate vessels that will be slightly delayed due to rail closures caused by severe rain and flooding, Fastmarkets understands.
Transnet declared force majeure on Friday January 29 after rains washed away parts of the rail infrastructure and left other areas underwater.
Fastmarkets reported on Monday that fellow manganese miner UMK had confirmed it had declared force majeure for affected shipments.
South Africa's heavy rains started in December and escalated in late January.
Transnet confirmed in an emailed statement to Fastmarkets on Monday that it had repaired the affected rail lines over the weekend and reopened on Sunday.
The rains continue, however, leaving miners facing the possibility of further delays, sources said.

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok