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KUMBA IRON ORE LIMITED - Production and sales report for the quarter ended 30 June 2015

Release Date: 16/07/2015 09:00
Code(s): KIO     PDF:  
Wrap Text
Production and sales report for the quarter ended 30 June 2015

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 Iron Ore Limited production and sales report for the quarter ended 30 June 2015

Kumba Iron Ore Limited ("Kumba") today released its production and sales report for the
quarter ended 30 June 2015. 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 at 10.4 Mt decreased by 9% compared to Q2 2014 and was 15% lower
   compared to the previous quarter.
-  Total export sales volumes increased to 11.7 Mt, 14% higher than Q2 2014 and 2% more
   than the previous quarter.


                                     Quarter         % change    Quarter    % change
       ’000 tonnes                                    Q2 2015               Q2 2015
                               Q2 2015      Q2 2014     vs       Q1 2015       vs
                                                      Q2 2014               Q1 2015
     Total                     10,385       11,465       (9)      12,167        (15)
     - Sishen mine              7,177        8,337      (14)       8,885        (19)
        DMS plant               4,420        5,239      (16)       5,758        (23)
        Jig plant               2,757        3,098      (11)       3,127        (12)
     - Kolomela mine            2,880        2,948       (2)       2,973         (3)
     - Thabazimbi mine            328          180       82          309          6


                                      Quarter       % change     Quarter    % change
       ’000 tonnes                                   Q2 2015                 Q2 2015
                               Q2 2015      Q2 2014     vs       Q1 2015      vs
                                                      Q2 2014                Q1 2015
     Total                      13,081       11,661        12      12,906          1
     - Export sales             11,733       10,287        14      11,472          2
     - Domestic sales            1,348        1,374        (2)      1,434         (6)
         Sishen mine               906        1,203       (25)      1,114        (19)
         Thabazimbi mine           442          171       158         320         38

Sishen mine produced 7.2 Mt, a decrease of 14% compared to Q2 2014, and 19% lower
compared to the previous quarter, largely due to mining feedstock constraints to the plants.
Waste mined increased 22% to 58 Mt compared to Q2 2014.

Kolomela mine continued to perform strongly, producing 2.9 Mt for the quarter.

Production at Thabazimbi mine almost doubled year-on-year.

Record export sales of 11.7 Mt, an increase of 14% was achieved, due to sales of stock at
Saldanha and Qingdao as inventory levels continue to be managed downward to their
optimum level of ~4 Mt. In addition, reclaimer maintenance impacted prior year sales export
volumes from Kolomela.

Total finished product stocks decreased to 4 Mt as at 30 June 2015 compared with 6.5 Mt at
year end.

For further information, please contact:

Investors and analysts
Nerina Bodasing
Tel: +27 12 622 8324

Centurion
16 July 2015

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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