Kumba Iron Ore Limited A member of the Anglo …
cost profile should ensure that we are more resilient in the face of a volatile market environment. Steel demand remained ... 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 ...
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Leadership team | Anglo American – Kumba Iron Ore
In addition to his role at Kumba Iron Ore Limited, he is also an independent non-executive director at Gold Fields Limited and Andrada Mining Limited. ... Tumi's experience spans across various finance streams (financial reporting, cost accounting and performance management, capital management, treasury and tax) having held commercial ...
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Kumba delivers value through cost and capital discipline
1 Based on foreign exchange rate of R18.00/US$ for 2023. The guidance for 2024 to 2026 is based on R19.00/US$. 2 Production, sales volumes and C1 unit costs are reported as wet metric tonnes, with a moisture content of approximately 1.6%. 3 Volumes referred to for the period are of Sishen Iron Ore Company Proprietary Limited ("SIOC"), and attributable to …
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2023 Kumba Production and Sales report Q3
Iron ore prices strengthened during Q3 2023 despite a 7% increase in global iron ore supply and thin steel mill margins. Steel production in China increased by 3% YTD, driven by a strong increase in exports.
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Kumba Iron Ore to cut 490 jobs as rail crisis hits …
Kumba's headline earnings per share rose 26% to 70.80 rand in the year ended Dec. 31, up from 56.19 rand the previous year as its high grade iron ore continues to fetch prices 15% above the ...
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Kumba production and sales report for the fourth quarter, …
The average lump:fine ratio of Kumba's iron ore products was 66:34 (2022: 67:33) and product quality of 63.7% Fe 2022: 63.8%), translated into an average realised FOB export iron ore price of US$117/wmt (equivalent to US$119/dmt), which is 15% above the average Platts 62 index FOB price of US$102/wmt (equivalent to US$104/dmt).
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KUMBA IRON ORE LIMITED
KUMBA IRON ORE LIMITED ANNUAL FINANCIAL STATEMENTS 2018 KUMBA IRON ORE LIMITED ANNUAL FINANCIAL STATEMENTS 2018. OUR APPROACH TO REPORTING ... Cost stewardship is a key driver of margin enhancement. With above-inflation cost growth from higher fuel prices and freight rates, our aim is to offset consumer price index (CPI) related cost ...
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Annual reporting | Anglo American – Kumba Iron Ore
This reconfiguration will enable the much-needed drawdown of high mine stockpiles and will support critical cost reductions. To this end, we have identified between R2.5 and R3.0 billion of sustainable cost-saving initiatives for 2024, and we have revised our C1 unit cost guidance to US$38 to US$40/wmt for the next three years.
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KUMBA IRON ORE
KUMBA IRON ORE Rope shovel at Sishen. 22 ... Cost savings are net of ~7% mining inflation per annum and structural changes including strip ratios, longer distances and increased lift. 3. Timing effects contributed $6/t. Products are priced in the month of arrival, resulting in a timing difference benefit in a rising market, and the opposite in ...
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KUMBA IRON ORE LIMITED ORE RESERVE (AND …
Kumba Iron Ore (Kumba) proudly operates two open pit mines in the Northern Cape province of the Republic of South Africa. Kolomela ... budgeted cost figures, to derive a set of pit shells for each site during the annual pit optimisation process. A so-called optimal pit shell (typically at a revenue factor of 1) is chosen for each site and ...
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Kumba production and sales report for the fourth quarter, …
Unit costs and the C1 cost for 2022 were better than guidance. Sishen and Kolomela's unit costs were R480 per tonne and R490 per tonne respectively (guidance: Sishen R500-R530 per tonne; Kolomela R505-R525 per tonne) and C1 unit costs were US$40 per tonne (guidance: US$44 per tonne). ... Kumba Iron Ore Limited, a member of the Anglo American ...
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Kumba updates full year 2022 guidance and outlook for …
Kumba is providing an update to the investment community on the Company's full year 2022 guidance, the outlook on production for 2023 to 2025 and C1 unit costs for 2023.
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KUMBA IRON ORE LIMITED Reviewed interim results for the …
KUMBA IRON ORE LIMITED Reviewed interim results for the six months ended 30 June 2022 - Commentary, Reviewed interim results for the six months ended 30 June 2022 developed by Bastion ... Cost performance remains a priority, especially given increasing input cost pressures and further geological inflation. For the full year 2022, we are ...
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The new iron ore cost curve
The new iron ore cost curve. David Llewellyn-Smith. Tuesday 26 April 2016. Advertisement. ... (Kumba) have chosen to shut in high cost mines. The Australian Big 3 (RIO, BHP & FMG) are now firmly ...
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Kumba Iron Ore Ltd. (KUMBF) Stock Price & News
Get the latest Kumba Iron Ore Ltd. (KUMBF) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
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OUR BUSINESS MODEL
OUR OPERATING CONTEXT: Issues impacting value. Iron ore price volatility. Flattening of the producer cost curve globally. Impact of external variables. Rising expectations across …
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Kumba Iron Ore Limited production and sales report for the …
Low levels of iron ore inventory, reduced domestic iron ore supply and steel scrap usage in China provided further price support. In addition, low levels of lump ore stock at Chinese ports and sintering cuts in September contributed to our premium product achieving a Q3 2023 year-to-date (YTD) average realised price of US$110 per wet metric ...
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Kumba production and sales report, and trading statement, …
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 ...
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Kumba Iron Ore Limited Production and Sales report for the …
Sishen's unit cost and the total C1 unit cost guidance has been maintained at R500 – R530/t and US$44/t, respectively. Kumba's revised full year 2022 guidance subject to potential logistics, weather and loadshedding disruptions, is as follows: ... Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding ...
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KUMBA IRON ORE
Cost savings are net of ~7% mining inflation per annum and structural changes including strip ratios, longer distances and increased lift. 3. Timing effects contributed $6/t.
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KUMBA IRON ORE LIMITED
Business priorities. Ramp-up to full run-rates. Maintain flexibility, protect value chain. Support Transnet to increase capacity. Agile marketing maximising value. Proactive cash preservation …
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Kumba Iron Ore Ltd. (KUI) Stock Price & News
Get the latest Kumba Iron Ore Ltd. (KUI) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
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Kumba Iron Ore's interim results for the six months ended …
By prioritising operational safety, stability, capability and cost-efficient production, we achieved savings of R1.8 billion and an improved C1 unit cost of US$38.5/wmt. ... Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces ...
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Iron ore
Not all iron ore is created equal. The highest quality and most important iron ores for steelmaking are hematite (Fe2O3) and magnetite (Fe3O4). Hematite is the more sought-after ore and the preferred raw material in efficient steelmaking mills. It accounts for approximately 95% of South Africa's iron ore production.
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Kumba delivers value through cost and capital discipline
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high-quality iron ore to the global steel industry. Kumba produces …
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KUMBA IRON ORE LIMITED Reviewed interim results for the …
KUMBA IRON ORE LIMITED Reviewed interim results for the six months ended 30 June 2024 - Home, KUMBA IRON ORE LIMITED Reviewed interim results for the six months ended 30 June 2024 developed by Bastion ... Cost savings of ~R1.8 billion. EBITDA* margin of 44%. Closing net cash* of R14.6 billion. Disciplined capital allocation. Attributable free ...
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KUMBA IRON ORE LIMITED INTERIM RESULTS
Cost curve CFR China ($/t)1 2013 2014 2015 50th Percentile $46 $62 $63 A PERIOD OF INTENSE CHANGE FOR THE INDUSTRY Prices are declining and the co st curve is flattening out 1. Source: CRU • A turbulent and challenging period for producers • Structural change in the iron ore market driven by oversupply and muted demand
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OUR OPERATING CONTEXT AND STRATEGY: OUR …
Bottoming out of the iron ore price Flattening of the cost curve globally ... As of 31 December 2016, Kumba Iron Ore, from a ownership reporting perspective, had access to an estimated haematite Ore Reserve of 744 million tonnes at an
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Operations | Anglo American – Kumba Iron Ore
The ore quay at Saldanha has two berths where two vessels of 310,000 deadweight tonnage can simultaneously tie up at the iron ore jetty. The terminal operates 24/7 and has the capacity to offload 10,000 tonnes per hour onto a vessel.
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Kumba Iron Ore Ltd. (KIO) Stock Price & News
Get the latest Kumba Iron Ore Ltd. (KIO) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
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