Wrap Text
Production and sales report for the quarter ended 30 September 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 Iron Ore Limited production and sales report for the quarter ended 30 September 2014
Kumba Iron Ore Limited ("Kumba") today released its production and sales report for the quarter ended 30
September 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 37% compared to Q3 2013 and by 13% compared to the previous quarter to
13.0 Mt
- Export sales volumes decreased by 4% compared to Q3 2013 and by 12% compared to the previous
quarter to 9.1 Mt
- Domestic sales volumes decreased by 14% compared to Q3 2013 and by 18% compared to the previous
quarter to 1.1 Mt
Unaudited production summary
Quarter Quarter
% change % change
'000 tonnes Q3 2014 Q3 2014
Q3 2014 Q3 2013 vs Q2 2014 vs
Q3 2013 Q2 2014
Total 12,972 9,474 37 11,465 13
- Sishen mine 9,260 6,429 44 8,337 11
DMS plant 6,019 3,880 55 5,239 15
Jig plant 3,241 2,549 27 3,098 5
- Kolomela mine 3,379 2,806 20 2,948 15
- Thabazimbi mine 333 239 39 180 85
Unaudited sales summary
Quarter Quarter
% change % change
'000 tonnes Q3 2014 Q3 2014
Q3 2014 Q3 2013 vs Q2 2014 vs
Q3 2013 Q2 2014
Total 10,188 10,734 (5) 11,661 (13)
- Export sales 9,059 9,422 (4) 10,287 (12)
- Domestic sales 1,129 1,312 (14) 1,374 (18)
Sishen mine 818 1,099 (26) 1,203 (32)
Thabazimbi mine 311 213 46 171 82
Sishen mine performed well against its operational plan, producing 9.3 Mt for the quarter, an increase of 44%
compared to Q3 2013 and 11% compared to the previous quarter. Waste removal increased by 14% compared
to Q3 2013 and by 4% compared to the previous quarter. Waste removal run rates are currently meeting
targets. Additional contractor capacity has been secured and the waste backlog from H1 2014 is expected to
be caught up during Q4 2014 and Q1 2015. Waste mining at Sishen is anticipated to be between 190 Mt and
200 Mt for the year. Sishen mine is on track to produce 35 Mt, 36 Mt and 37 Mt in 2014, 2015, and 2016
respectively.
Kolomela mine continued to perform strongly, producing 3.4 Mt for the quarter, and is expected to produce
~11 Mt in 2014.
Production at Thabazimbi mine increased, by 39% compared to Q3 2013 and by 85% compared to the previous
quarter, to 0.3 Mt.
Export sales volumes decreased by 4% compared to Q3 2013 and by 12% compared to the previous quarter to
9.1 Mt. The decrease is mainly attributable to the annual Transnet maintenance shutdown in August and a
slow start up thereafter, and not due to market conditions. The logistics system is back to operating at normal
run rates.
Total finished product stocks increased to 6.5 Mt as at 30 September 2014 compared to 3.6 Mt as at 30 June
2014 and 2.4 Mt as at 30 September 2013, due to the production ramp-up and the logistics constraints
mentioned earlier.
Domestic sales volumes of 1.1 Mt decreased by 14% compared to Q3 2013 and by 18% compared to the
previous quarter.
For further information, please contact:
Media Investors
Gert Schoeman Esha Mansingh
Tel: +27 (0)12 683 7019 Tel: +27 (0)12 683 7257
Mobile: +27 (0)83 259 6843 Mobile: +27 (0)83 488 9427
Centurion
23 October 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 mine and its
new Kolomela mine 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
Date: 23/10/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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