PAGE 39 Review of Kumba's mineral resources and ore reserves Kumba is a dedicated iron ore supplier that has access to its South African iron ore resources AND 3)/# BE to the global steel industry, continuous effort goes into the sound management of its iron ore mineral assets. ...
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Kumba's quarterly iron ore production stood at 9.53 million tonnes (Mt), down by 0.989 Mt (9.4%) year-on-year (y/y) but up by 1.057 Mt (12.5%) quarter-on-quarter (q/q). By mine, the quarterly production of flagship Sishen mine decreased by 9.0% y/y to 6.512 Mt, and that of...
Kumba Iron Ore's 2017 results recently released, showed an overall increase in the cost of rail transport "Selling and distribution costs increased 3% in real terms, driven by the 6% growth in sales volumes railed. Overall, higher freight costs of R1.4 billion were incurred due to the average...
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The listing was delayed by more than two months because of a running battle that started in November 2000 between Iscor management led by chairman Hans Smith on the one side, and an alliance of shareholders Avmin Mining and South African parastatal the IDC on the other. At the heart of ...