Ferrum May Delay Production on Rail Capacity Shortage, FM Says
Ferrum Crescent Ltd. may delay the first production from its iron ore projects in South Africa’s Limpopo Province as there is no spare rail capacity from the site of its proposed plant in Lephalale to Richards Bay, Financial Mail said, citing the group’s Chief Operating Officer Vernon Harvey.
Transnet Freight Rail, South Africa’s rail monopoly, has indicated there will be no spare capacity on the route in the immediate future, the Johannesburg-based weekly magazine said. Ferrum’s first production was expected by about 2017, following a feasibility study into developing the projects and a three- year construction period, Harvey was cited as saying.
To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
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