Wrap Text
Kumba production and sales report for the quarter ended 31 March 2014
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
("Kumba")
KUMBA PRODUCTION AND SALES REPORT FOR THE QUARTER ENDED 31 MARCH 2014
Kumba today released its production and sales report for the quarter ended 31
March 2014. Throughout this report, production and sales volumes referred to
are 100% of Sishen Iron Ore Company Proprietary Limited (“SIOC”), and
attributable to shareholders of Kumba as well as the non-controlling interests
in SIOC.
Overview:
- Total production increased by 10% compared to Q1 2013 and was in line with
the previous quarter at 11.3 Mt, as production at Sishen mine continued to
improve and Kolomela mine continued its strong performance.
- Total sales volumes of 10.8 Mt were in line with Q1 2013 and the previous
quarter.
Quarter % change Quarter % change
‘000 tonnes Q1 2014 Q1 2014
Q1 2014 Q1 2013 vs Q4 2013 vs
Q1 2013 Q4 2013
Total 11,328 10,335 10 11,286 -
- Sishen mine 8,658 7,552 15 8,395 3
DMS plant 5,744 4,888 18 5,778 (1)
Jig plant 2,914 2,664 9 2,617 11
- Kolomela mine 2,513 2,680 (6) 2,740 (8)
- Thabazimbi mine 157 103 52 151 4
%
Quarter change Quarter % change
‘000 tonnes Q1 2014 Q1 2014
Q1 2014 Q1 2013 vs Q4 2013 vs
Q1 2013 Q4 2013
Total 10,838 10,827 - 10,836 -
- Export sales 9,423 9,945 (5) 9,530 (1)
- Domestic sales 1,415 882 60 1,306 8
Sishen mine 1,281 751 71 1,118 15
Thabazimbi mine 134 131 2 188 (29)
Implementation of the production recovery plan at Sishen mine continued during
the quarter, although this was hampered by excessive rainfall that affected
waste removal. Sishen mine had 430 mm of rain in Q1 2014, more than its annual
average rainfall of 385 mm. Waste removal, however, increased by 3.4% compared
to Q1 2013. The mine’s production was 8.7 Mt for the quarter, an increase of
15% compared to Q1 2013 and 3% compared to the previous quarter. Production in
Q1 2013 was negatively impacted by the unprotected strike in Q4 2012. Sishen
mine remains on track to produce ~35Mt in 2014.
Kolomela mine continued its strong performance, producing 2.5 Mt for the
quarter, and is on track to produce ~10Mt in 2014.
Production at Thabazimbi mine increased by 52% compared to Q1 2013 and by 4%
compared to the previous quarter to 0.2 Mt.
Total export sales volumes decreased by 5% compared to Q1 2013 and by 1%
compared to the previous quarter to 9.4 Mt. During the quarter a reclaimer at
Kolomela mine, which moves product onto the rail loading conveyor, suffered
structural failure and was out of service for maintenance for five weeks. This
event reduced dispatches from Kolomela mine during the quarter, which are
expected to be made up by the end of Q2 2014.
Domestic sales volumes increased by 60% compared to Q1 2013 and by 8% compared
to the previous quarter to 1.4 Mt due to increased off-take by ArcelorMittal
South Africa Limited.
Total finished product stocks were 3.6 Mt as at 31 March 2014 (3.5 Mt
excluding Thabazimbi mine), compared to 3.3 Mt as at 31 March 2013 and 2.8 Mt
as at 31 December 2013.
For further information, please contact:
Investors and analysts
Paul Galloway
Tel: +44 20 79688718
Centurion
24 April 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading
value-adding supplier of high quality iron ore to the global steel industry.
Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the
Northern Cape Province, and at Thabazimbi mine in the Limpopo Province. Kumba
exports iron ore to customers in a range of geographical locations around the
globe including China, Japan, Korea and a number of countries in Europe and
the Middle East.
www.angloamericankumba.com
Notes to editors:
Anglo American is one of the world’s largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg stock
exchanges. Our portfolio of mining businesses meets our customers’ changing
needs and spans bulk commodities – iron ore and manganese, metallurgical coal
and thermal coal; base metals and minerals – copper, nickel, niobium and
phosphates; and precious metals and minerals – in which we are a global leader
in both platinum and diamonds. At Anglo American, we are committed to working
together with our stakeholders – our investors, our partners and our
employees – to create sustainable value that makes a real difference, while
upholding the highest standards of safety and responsibility across all our
businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America,
Australia, North America, Asia and Europe.
www.angloamerican.com
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