A Kumba Iron Ore employee carrying out an inspection
Our Iron Ore portfolio in South Africa principally comprises a 69.7% shareholding in Kumba Iron Ore Limited (Kumba), a leading supplier of seaborne iron ore.
Kumba, listed on the Johannesburg Stock Exchange, produces a leading quality lump ore. Export ore is transported via the Sishen-Saldanha Iron Ore Export Channel to Saldanha Port. The rail and port operations are owned and operated by the South African parastatal Transnet. Kumba is well positioned to supply the high growth Asia-Pacific and Middle East markets and European steel markets in light of an expected decline in lump ore supplies from other sources.
Kumba operates three mines – Sishen mine in the Northern Cape, which produced 33.7 Mt of iron ore in 2012, Thabazimbi mine in Limpopo, with an output of 0.9 Mt, and Kolomela mine, also in the Northern Cape, which was brought into production during 2011, produced 8.5 Mt during 2012. In 2012, Kumba exported more than 90% of its total iron ore sales volumes of 44.4 Mt, with 69% of these exports destined for China and the remainder for Europe, Japan, South
Korea and the Middle East.
Kumba plans to grow its business organically in order to achieve production of 80 to 90!Mtpa of iron ore by 2020, 70 Mtpa from South Africa and the remainder from other countries in Africa.
Visit the Kumba Iron Ore website