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Kumba statement regarding the possible merger of Anglo American and Teck Resources
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 statement regarding the merger of Anglo American and Teck
The Board of Kumba Iron Ore Limited ("Kumba") notes the announcement made on 9 September 2025 by Anglo American
plc ("Anglo American") regarding the agreement it has reached with Teck Resources Limited ("Teck") to combine the two
companies to form Anglo Teck, a global critical minerals champion.
The Board notes the announcement highlights that the premium iron ore produced by Kumba will remain a key
component of the combined company.
The transaction is subject to a number of customary completion and regulatory conditions and is expected to complete in
12-18 months.
A copy of the announcement by Anglo American can be accessed on the Anglo American website at:
https://www.angloamerican.com/investors/regulatory-news
Johannesburg
9 September 2025
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 12 683 7060
Mobile: +27 83 297 2293
Investors Media
Penny Himlok Melangini Pillay
penny.himlok@angloamerican.com Melangini.pillay@angloamerican.com
Tel: +27 12 622 8324 Tel: +27 12 683 7019
Mobile: +27 82 781 1888 Mobile: +27 76 959 2019
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 around the globe including in China, Japan, South Korea and a number of countries in Europe and the
Middle East.
www.angloamericankumba.com
Anglo American is a leading global mining company, and our products are the essential ingredients in almost every aspect of modern life.
Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-
enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new
resources and to mine, process, move and market our products to our customers – safely and sustainably.
As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore and
steelmaking coal – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More
broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating
thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to
unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society
as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people's lives.
www.angloamerican.com
Forward-looking statements
This announcement includes forward-looking statements. All statements other than statements of historical facts included in this
announcement, including, without limitation, those regarding Kumba's financial position, business, acquisition and divestment strategy,
dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to
Kumba's products, production forecasts and Ore Reserves and Mineral Resource estimates), are forward-looking statements. By their
nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance, or achievements of Kumba, or industry results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Kumba's present and future business strategies and the
environment in which Kumba will operate in the future. Important factors that could cause Kumba's actual results, performance or
achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during
any period, levels of global demand and commodity market prices, mineral resource exploration and development capabilities, recovery
rates and other operational capabilities, the effects of global pandemics and outbreaks of infectious diseases, the availability of mining
and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure, the impact
of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political
uncertainty and economic conditions, the actions of competitors, activities by governmental authorities such as permitting and changes
in taxation or safety, health, environmental or other types of regulation, conflicts over land and resource ownership rights and such other
risk factors identified in Kumba's most recent Integrated Report. Forward-looking statements should, therefore, be construed in light of
such risk factors and undue reliance should not be placed on forward-looking statements.
These forward-looking statements speak only as of the date of this announcement. Kumba expressly disclaims any obligation or
undertaking (except as required by applicable law, the Takeover Regulation Panel, the Listings Requirements of the securities exchange
of the JSE Limited in South Africa, the Financial Sector Conduct Authority and any other applicable regulations) to release publicly any
updates or revisions to any forward-looking statement contained herein to reflect any change in Kumba's expectations with regard thereto
or any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be
interpreted to mean that future earnings per share of Kumba will necessarily match or exceed its historical published earnings per share.
Certain statistical and other information about Kumba included in this announcement is sourced from publicly available third-party
sources. As such, it has not been independently verified and presents the views of those third parties, though these may not necessarily
correspond to the views held by Kumba and Kumba expressly disclaims any responsibility for, or liability in respect of, such third-party
information.
Date: 09-09-2025 08:20:00
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