Assmang calls force majeure on manganese alloys in South Africa
by Bloomberg Jul 18, 2021
Assmang Proprietary Ltd. issued a notice of force majeure on manganese alloys production from its facilities in KwaZulu-Natal province, South Africa, according to an email from Rorie Wilson, an alternate director at the company.
The mining company declared force majeure to customers last week due to civil unrest in South Africa and the closure of the Durban and Richards Bay ports, said Wilson. The force majeure was still in place as of Sunday, he said.
Protests erupted on July 10 after former President Jacob Zuma was imprisoned for defying a court order, leading to the looting of shops, factories and other sites.
While the state-owned ports, freight rail and pipelines operator Transnet SOC Ltd. said Friday its port and terminal operations at Durban are slowly starting to normalize, it may take two weeks for port disruptions to ease, affecting the export of manganese to China, according to analysts.
“Things have not stabilized or returned to normal yet, so we will still see some extended delays as we look to restart the operations,” Wilson said. “The ports also have a big backlog to catch up on.”
Separately, Assmang’s manganese and iron ore mining operations continue to operate normally, he said.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
December 2024 U.S. Transportation Sector Unemployment (4.3%) Was the Same As the December 2023 Level (4.3%) And Above the Pre-Pandemic December 2019 Level (2.8%)
View ArticleDP World appoints Jason Haith as Vice President of Freight Forwarding for U.S. and Mexico
DP World, a global leader in logistics and supply chain solutions, has announced the appointment of Jason Haith as Vice President, Commercial Freight Forwarding – U.S. and Mexico, effective immediately.…
View Article
Amaero secures final approval for $23.5M loan from Export-Import Bank
View ArticleU.S. Bureau of Labor Statistics employment situation
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in…
View ArticleImport Cargo to remain elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen…
View ArticleS&P Global: 2025 U.S. transportation infrastructure sector should see generally steady demand and growth
S&P Global Ratings today said it expects activity in the U.S. transportation sector will continue to normalize in 2025, with growth rates for most modes of transportation slowing to levels…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
