KUMBA IRON ORE LIMITED - Kumba Iron Ore Limited production and sales report for the quarter ended 30 June 2014

Kumba Iron Ore Limited production and sales report for the quarter ended 30 June 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)
JSE Share code: KIO
ISIN: ZAE000085346
("Kumba" or "the Company")

Kumba Iron Ore Limited production and sales report for the quarter ended 30 June 2014

Kumba Iron Ore Limited ("Kumba") today released its production and sales report for the
quarter ended 30 June 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 2% compared to Q2 2013 and by 1% compared to the
   previous quarter to 11.5 Mt, as Kolomela mine’s production was 14% higher than Q2 2013
   and 17% higher than the previous quarter.
 - Export sales volumes increased by 1% compared to Q2 2013 and by 9% compared to the
   previous quarter to 10.3 Mt.
 - Domestic sales volumes increased by 21% compared to Q2 2013 to 1.4 Mt due to
   increased off-take by ArcelorMittal South Africa Limited ("ArcelorMittal S.A.").

Unaudited production summary
                                        Quarter            % change   Quarter    % change                      % change
‘000 tonnes                                                 Q2 2014               Q2 2014                          1H14
                               Q2 2014         Q2 2013         vs      Q1 2014       vs       1H14      1H13         vs
                                                            Q2 2013               Q1 2014                          1H13
Total                           11,465          11,278         2        11,328       1      22,793    21,613          5
- Sishen mine                    8,337           8,562        (3)        8,658      (4)     16,995    16,114          5
   DMS plant                     5,239           5,829       (10)        5,744      (9)     10,983    10,717          2
   Jig plant                     3,098           2,733        13         2,914       6       6,012     5,397         11
- Kolomela mine                  2,948           2,584        14         2,513      17       5,461     5,264          4
- Thabazimbi mine                  180             132        36           157      15         337       235         43


Unaudited sales summary
                                        Quarter            % change   Quarter    % change                       % change
‘000 tonnes                                                 Q2 2014               Q2 2014                           1H14
                               Q2 2014         Q2 2013        vs      Q1 2014       vs         1H14      1H13         vs
                                                            Q2 2013               Q1 2014                           1H13
Total                           11,661          11,310         3       10,838        8       22,499    22,137          2
- Export sales                  10,287          10,178         1        9,423        9       19,710    20,123        (2)
- Domestic sales                 1,374           1,132        21        1,415       (3)       2,789     2,014         38
   Sishen mine                   1,203             960        25        1,281       (6)       2,484     1,711         45
   Thabazimbi mine                 171             172        (1)         134       28          305       303          1

Sishen’s pit continued to be mined according to the production recovery plan during the
quarter. The mine’s production was 8.3 Mt for the quarter, a decrease of 3% compared to Q2
2013 and 4% compared to the previous quarter. Sishen mine remains on track to produce
~35Mt in 2014. Unseasonal rainfall during May 2014 slightly hampered waste pre-stripping
operations. Waste removal, however, increased by 8% compared to Q2 2013 and by 24%
compared to the previous quarter. Waste mining plans for the second half of the year were
completed and are being executed, which includes continuous ramp-up and fleet efficiency
improvements, to recover the waste shortfall.

Kolomela mine continued to perform strongly, producing 2.9 Mt for the quarter, and is on track
to produce ~10Mt in 2014.

Production at Thabazimbi mine increased by 36% compared to Q2 2013 and by 15% compared
to the previous quarter to 0.2 Mt.

Export sales volumes increased by 1% compared to Q2 2013 and by 9% compared to the
previous quarter to 10.3 Mt.

Domestic sales volumes of 1.4 Mt increased by 21% compared to Q2 2013 due to increased
off-take by ArcelorMittal S.A., but decreased by 3% compared to the previous quarter.

Total finished product stocks were 3.6 Mt as at 30 June 2014, 30 June 2013 and 31 March
2014.

For further information, please contact:

Media                                                    Investors and analysts
Gert Schoeman                                            Esha Mansingh
Tel: +27 (0)12 683 7019                                  Tel: +27 (0)12 683 7257

Centurion
17 July 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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