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KUMBA IRON ORE LIMITED - Iron Ore Export Channel disrupted due to railway bridge damage

Release Date: 30/11/2018 15:17
Code(s): KIO     PDF:  
Wrap Text
Iron Ore Export Channel disrupted due to railway bridge damage

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”)


Iron Ore Export Channel disrupted due to railway bridge damage
Kumba has been notified by Transnet of an incident on a public road at a railway bridge that
has closed the Iron Ore Export Channel (IOEC).

A truck carrying an abnormal load which exceeded the bridge height collided into a railway
bridge, causing structural damage to the bridge and the railway line above. Train movements
in both directions have been impacted and Transnet has declared force majeure on Kumba.

Transnet have informed Kumba that a temporary bridge will be constructed and that the
IOEC line is expected to be reopened on the 9th December 2018. Based on this information,
Kumba currently anticipates that the lower end of its 2018 guidance, as announced on 24
July 2018 within the Company’s reviewed interim results, will be met. Kumba’s 2018
guidance was 43-44Mt for total production and 42-44Mt for total sales.

The incident is receiving the highest level of attention by Transnet. Kumba is working closely
with Transnet to ensure that the IOEC line is restored as soon as possible. Further updates
will be provided as appropriate.

Centurion
30 November 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Company Secretary
Celeste Appollis
celeste.appollis@angloamerican.com
Tel: +27 683 7063
Mobile: +27 82 941 7535

Investors                                         Media
Penny Himlok                                      Sinah Phochana
penny.himlok@angloamerican.com                    sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                              Tel: +27 12 683 7019
Mobile: +27 82 781 1888                           Mobile: +27 76 066 0655

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 global diversified mining business and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class competitive
mining operations and undeveloped resources provides the metals and minerals to meet the
growing consumer-driven demands of the world’s developed and maturing economies. With
our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and mine, process, 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 sustainable
value that those resources represent for our shareholders, the communities and countries in
which we operate and for society at large. Anglo American is re-imagining mining to improve
people’s lives.
www.angloamerican.com
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