Wrap Text
Kumba production and sales report for the quarter ended 31 December 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”)
Kumba production and sales report for the quarter ended 31 December 2017
Kumba Iron Ore Limited (“Kumba”) today released its production and sales report for the
quarter ended 31 December 2017.
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:
- Good safety performance in 2017 and improvements in leading indicator reporting with no
fatalities
- Full year production of 45Mt exceeded recent guidance.
- Q4 2017 delivered continued strong quarter-on-quarter production of 11.6Mt.
- Production decreased by 2% compared to Q4 2016 when there was temporary access to
low strip ratio ore and higher plant yields at Sishen.
- Export sales increased by 7% to 11.4Mt due to improved loading rates.
Production summary
%
change %
' 000 tonnes Q4 2017 change % change
vs Q4 2017 2017
Q4 Q4 Q4 2016 Q3 vs vs
2017 2016 2017 Q3 2017 2017 2016 2016
Total 11,643 11,928 (2) 11,486 1 44,983 41,476 8
Sishen 7,783 8,490 (8) 7,786 - 31,119 28,380 10
Kolomela 3,860 3,438 12 3,700 4 13,863 12,726 9
Thabazimbi - - - - - - 370 (100)
Sales summary
% %
change change
' 000 Q4 2017 Q4 2017 % change 2017
tonnes Q4 Q4 vs Q3 vs vs
2017 2016 Q4 2016 2017 Q3 2017 2017 2016 2016
Total 12,231 11,224 9 11,427 7 44,892 42,484 6
Export 11,355 10,611 7 10,783 5 41,615 39,061 7
Domestic 876 613 43 644 36 3,277 3,423 (4)
Sishen maintained its solid and consistent operating performance and ongoing improvements, with production Q4 2017
in line with the previous three quarters as planned. Production decreased by 8% to 7.8Mt compared to Q4 2016. The
higher production in Q4 2016 was attributable to temporary access to low strip ratio ore and higher plant yields as per
the mine plan. Waste removal increased by 15% to 43Mt, compared to 37Mt in Q4 2016.
Kolomela production increased to 3.9Mt, up 12% compared to Q4 2016, mainly due to productivity improvements. Full
year waste mined increased by 11% to 56Mt resulting from ongoing improvements in operational efficiencies.
Export sales increased by 7% to 11.4Mt mainly due to improved loading rates. Total finished product stocks were 4.3Mt,
compared to 3.5Mt in Q4 2016.
For further information, please contact:
Media Investors
Sinah Phochana 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
25 January 2018
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
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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