Wrap Text
Kumba Iron Ore Limited production and sales report for the quarter ended 30 September 2017
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” or “the company”)
Kumba Iron Ore Limited production and sales report for the quarter ended
30 September 2017
Kumba Iron Ore Limited (“Kumba”) today released its production and sales report for the
quarter ended 30 September 2017. Total production guidance for 2017 has been revised to
42-44Mt.
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:
- Production down 2% to 11.5Mt as a result of a decrease in Sishen production.
- Export sales up 4% to 10.8Mt due to delayed shipping
Production summary
% %
'000 tonnes change change
Q3 2017 Q3 2017
Q3 Q3 vs Vs
2017 2016 Q3 2016 Q2 2017 Q2 2017
Total 11,486 11,760 (2) 11,382 1
- Sishen Mine 7,786 8,349 (7) 7,872 (1)
DMS Plant 4,607 5,325 (13) 4,909 (6)
Jig Plant 3,179 3,024 5 2,963 7
- Kolomela Mine 3,700 3,411 8 3,510 5
Sales summary
% %
change change
'000 tonnes Q3 2017 Q3 2017
Q3 Q3 vs Vs
2017 2016 Q3 2016 Q2 2017 Q2 2017
Total 11,427 11,050 3 10,348 10
- Export sales 10,783 10,343 4 9,423 14
- Domestic sales 644 707 (9) 925 (30)
Sishen mine 644 707 (9) 925 (30)
Sishen production decreased by 7% to 7.8Mt (3Q16: 8.3Mt). The higher production in 3Q16
was attributable to temporary access to low strip ratio ore and higher plant yields as per the
mine plan. As planned, production for 3Q17 was in line with 1Q17 and 2Q17. Waste removal
increased by 21% to 42Mt, compared to 35Mt in 3Q16. Sishen maintained its solid and
consistent performance and ongoing improvements which have resulted in production
guidance for 2017 being revised to 29-30Mt. Waste guidance remains unchanged at 155-
165Mt.
Kolomela production increased to 3.7Mt, up 8% compared to 3Q16, mainly due to productivity
improvements and the ramp up of the modular plant. Waste mined increased by 11% to 16Mt
resulting from ongoing improvements in operational efficiency. Kolomela is on track to meet full
year production and waste guidance for 2017 of 13-14Mt and 50-55Mt respectively.
Export sales increased by 4% to 10.8Mt mainly due to shipping of delayed volumes on hand
at Saldanha at 30 June 2017. Total finished product stocks were 4.6Mt, compared to 4.4Mt at
30 June 2017. Full year sales guidance has been revised to 42-44Mt.
For further information, please contact:
Media Investors
Sinah Pochana Anne Dunn
Sinah.phochana@angloamerican.com anne.dunn@angloamerican.com
Tel: +27 12 683 7019 Mobile: +27 82 448 2684
Mobile: +27 76 066 0655
24 October 2017
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. 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 a globally diversified mining business. Our portfolio of world-class
competitive mining operations and undeveloped resources provides the raw materials to meet
the growing consumer-driven demands of the world’s developed and maturing economies. Our
people are at the heart of our business. It is our people who use the latest technologies to find
new resources, plan and build our mines and who mine, process and move and market our
products to our customers around the world.
As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious
metals, iron ore, coal and nickel – we are the custodians of what are precious natural
resources. We work together with our key partners and stakeholders to unlock the long-term
value that those resources represent for our shareholders and for the communities and
countries in which we operate – creating sustainable value and making a real difference.
www.angloamerican.com
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