We are pleased to inform our shareholders that our company has appointed Computershare to undertake an Asset Reunification Programme for shareholders who . It also received several other contracts in 2012 for additional construction works of the project. Image courtesy of Anglo American. 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. Image courtesy of Graeme Williams, Media Club via Wikipedia. Downvote. At Sishen, the combined impact of Eskom loadshedding and plant reliability challenges resulted in production reducing by 6% to 7.1 Mt. Kumba Iron Ore I Projects IQ The Sishen Jig Plant was officially opened in November 2008, while the UHDMS pilot plant at the mine became operational in the fourth quarter of 2013. We have launched YourVoice, a service which provides you with a confidential and secure way to tell us about your concerns. It is our blueprint for the future of our business. We are one of the world's largest mining companies. ", (1) Volumes, excluding waste stripping, are reported as wet metric tonnes. Total production increased by 11% to 10.8 Mt (Q3 2020: 9.5 Mt), with Sishen Mine production increasing by 14% to 7.5 Mt (Q3 2020: 6.6 Mt) and Kolomela by 6% to 3.3 Mt (Q3 2020: 3.1 Mt). Re-imagining mining to improve people's lives. Discover what we expect from our suppliers and how to apply here. When you join Anglo American, you can expect to enjoy a competitive salary and benefits package. Sishen continued to deliver a solid performance and Kolomela saw a 40% increase in waste mining and a 22% increase in production post its safety reset reported in Q2 2022. Relative to Q2 2022, production increased by 5% driven by a 22% improvement at Kolomela. Our production process consists of: exploration; planning and building; mining; processing and blending; shipping; marketing and selling. Location: Kathu, Northern Cape, South Africa Closing Date: 03 February 2023 We have an exciting position for a Learnership Admin. Anglo American: Kumba Iron Ore Learnerships (Kathu, Northern Cape) Minas-Rio in Minas Gerais state in Brazil is a fully integrated export iron ore operation, with the mine, beneficiation plant, 529km slurry pipeline and dedicated export facility at the port of Au. Our logistics are the critical link between our operations and our customers. Hematite is the more sought-after ore and the preferred raw material in efficient steelmaking mills. Read all our news and learn more about our business. 9th December 2022 By: Tasneem Bulbulia Creamer Media Contributing Editor Online Font size: - + Iron-ore miner Kumba Iron Ore has lowered its production guidance for this year to. It is the fifth largest iron-ore producer in the world and the largest in Africa. Average year to date realised FOB export iron ore price of US$181 per wmt (US$184 per dry metric tonne (dmt)), 17.5% above the average benchmark price of US$154 per wmt (US$157 per dmt), reflecting the benefit of our diversified market strategy. We have developed a Sustainable Mining Plan that will foster innovation and deliver step change results across the entire mining value chain. 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. 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. Mining stability increased in the third quarter of the year (the "period") following improved pit conditions and equipment availability. This follows Solidarity's warning to the organisation last week, that negotiations will derail if Kumba continues with an offer lower than the CPI, as well as a lower offer compared to other workers. Total production increased by 11% to 10.8 Mt (Q3 2020: 9.7 Mt), reflecting strong operational performance and excess plant capacity. Kumba's history. Sishen open-cast mine located in the Northern Cape Province of South Africa produces high grade hematite ore. Kumba Iron Ore Ltd, KIO:JNB summary - FT.com - Financial Times Waste stripping was driven by a 6% increase at Sishen Mine to 40.7 Mt (Q2 2021: 38.6 Mt) and a 2% increase at Kolomela to 16.1 Mt (Q2 2021: 15.8 Mt). Most of the iron ore mined here was . Kumba offers good resilience to thermal shock. Overview Commitment to sustaining a fatality-free workplace and further improving health and broader safety performance. You can download them in our reporting centre. High iron (Fe) content of all products. (SPACs), Transportation, Infrastructure & Logistics. Our logistics processes and infrastructure serve as the link between our operations and our clients. Anglo American (Kumba Iron Ore Operation). Anglo American is re-imagining mining to improve peoples lives. Compare and book now! Our logistics chain requires careful management and well developed, trusted business partnerships, which allow us to meet customers production timelines. . Kumba Iron Ore is an iron-ore mining company in South Africa. Read all our latest press releases, speeches and presentations. Volumes, excluding waste stripping, are reported as wet metric tonnes. Production guidance at the mine level has been updated, with Kolomelas production guidance decreasing to ~10.5 Mt (from ~12.5 Mt) as a consequence of the industrial action and a slower recovery in Q3 2022. We are focusing on driving an operationally safe way of work across our operations, through our Stand Up For Safety programme, recently launched at our Global Safety day. Ubuntu Harmony liquefied natural gas (LNG) vessel, Be notified of any news, reports or updates straight to your email address, Keep up to date on social media or contact us with any other information. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Average year-to-date (YTD) realised FOB export iron ore price of US$115 per wmt (US$117 per dry metric tonne (dmt)), 8.4% above the average benchmark price of US$106 per wmt (US$108 per dmt). Answered 8 April 2018. We are implementing a technology roadmap that aims to accelerate the adoption of technology to improve safety, quality, efficiency and resource utilisation. . Answered 17 August 2022 - Senior Control room Operator (Former Employee) - Kathu. Kumba Iron Ore - KIROY - Stock Price Today - Zacks Important factors that could cause Anglo American'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, safety, health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transportation 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 in relevant areas of the world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American's assets and changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo American's most recent Annual Report. Get industry leading news, data and analysis delivered to your inbox. Kathu 50 "kilometer from kuruman. This announcement contains forward-looking statements which are based on the Companys current beliefs and expectations about future events. We use dense-media and ultrahigh density media processing and jigging technologies to regulate the physical properties of the finished product, removing impurities and improving product quality. A revised mining plan was implemented in 2016, which included the cessation of mining at one of the pits. This announcement includes forward-looking statements. Saldanha Bay port is bigger than Durban, Cape Towns Table Bay, Richards Bay and Port Elizabeths harbours combined. 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 Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such information. Kumba Iron Ore Limited Appoints Aman Jeawon as Independent Non-Executive Director. Strong performance of the 2,800 shovel fleet in 2019 allowed the mine to exceed equipment efficiency targets. It is our blueprint for the future of our business. We own 100% of Minas-Rio, with exception of the port facility, in which we own 50%. Relative to the comparative period, total production was 8% lower at 10 Mt. Kolomela means to dig deeper or to persevere. The port at Saldanha Bay is the only dedicated iron ore export facility in South Africa and is larger than the countrys other four major ports combined. The final offer from Kumba Iron Ore was consequently rejected by Solidarity members. Kolomela Iron Ore Mine, Northern Cape - Mining Technology Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Logistics, sales and the market environment This contributed to Kumba achieving a year-to-date average realised price of US$115 per wet metric tonne (wmt) for Q3 2022, 8.4% above the benchmark price.". Themba is a Vice President of the Minerals Council of South Africa. Expansion projects such as Sishen Lower Grade projects, SEP1B and the Sishen DMS concentrate project are in consideration to extend the life of the mine. Total sales were 9% lower at 10.1 Mt (Q3 2020: 11.1 Mt), due to equipment breakdown and weather-related disruptions at Saldanha Port. 52-week range Today 33,991.00 Oct 28 2022. Murray & Roberts Construction unit Concor Roads & Earthworks carried out the earthworks, as well the construction of a new railway line connecting the iron ore mine with the Sishen-Saldanha export line. Read more Kumba Iron Ore holds a 76.3% interest in Sishen Iron Ore Company Proprietary Limited (SIOC), which owns a 100% stake in the Sishen mine. Between 1988 and 1998, he held several leadership roles in the special alloys industry. KIO - Kumba Iron Ore Ltd Stock Price Quote - XJSE | Morningstar Discover all of our policies and data relating to our ESG performance here. Kumba Iron Ore, energised by a record annual EBITDA of R45.8 billion ($3.12 billion) for its 2020 financial year, has made plans to extend the life of its Sishen iron ore mine in South Africa out to 2039. We are committed to building a responsible, inclusive and more transparent Supply Chain that generates sustainable value for all our stakeholders, including the communities that we operate in. Be notified of any news, reports or updates straight to your email address, Keep up to date on social media or contact us with any other information. 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. Image courtesy of Anglo American. It will produce an additional 0.73Mtpa while increasing the product yield of the jig plant by 3% when completed. Wilfred brings more than 25 years of experience in the mining industry, most recently as CEO of Minerao Usiminas, the iron ore mining joint venture between Usiminas and Sumitomo, for nine years from 2009. The mine employs the conventional open-pit mining method involving drilling, blasting, shovel-and-truck loading and hauling. Domestically, we sell ore to ArcelorMittal SA. From a health perspective, we continue to work with the rest of Anglo American in South Africa to successfully reduce the number of positive Covid-19 cases through our on-site protocols and are collaborating with health authorities to ramp-up vaccination rates at our operations and among our host communities. Cloud mentions in company filings of mining industry decreased by 6% in Q1 2023. Kolomela mine is operated by Kumba Iron Ore through its subsidiary Sishen Iron Ore Company. Saldanha Bay port submits an annual environmental report in line with the Global Reporting Initiative. Domestically, we sell ore to ArcelorMittal SA. [17][18] 2019 iron ore production: 13.2 MT. JOHANNESBURG, Feb 21 (Reuters) - Kumba Iron Ore Ltd (KIOJ.J) on Tuesday cut its production outlook for the next three years due to a lack of freight trains to carry minerals to ports, and. Kumba Iron Ore sticks to its key values and purposes by ensuring high performance from its company whilst also taking meaningful action. We therefore expect to limit production in the months ahead and to finish the year at the low end of the production guidance range at 40.5 Mt. The feasibility analysis for UHDMS is extended to the second half of 2020 to reassess a significant portion of the detailed engineering concept and to incorporate additional value-added products. The mine produced 19.8 million tonnes in 2020 and it had a large 18.2% share in the Russian iron ore production in 2020. The Kolomela iron ore mine is another operation of Kumba Iron Ore in Northern Cape. Give your business an edge with our leading industry insights. Products are screened and sized to match customer requirements, and then transported through our outbound logistics chain. Total production increased by 11% to 10.8 Mt (Q3 2020: 9.7 Mt), reflecting strong operational performance and excess plant capacity. Managed Operations included De Beers Group's operations in South Africa and Canada. The ore bodies measure up to 2km in length, 400m in width and 300m in depth. The programme encourages our workforce to know, do and always challenge actions that do not support responsible production. 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. Hatch was awarded the R2.5bn ($276m) engineering, procurement, project and construction management (EPCM) contract for the project. It is the fifth largest iron-ore producer in the world and the largest in Africa. Upvote. 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. Sponsor Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. 1. More positively, sintering cuts in China to improve air quality have resulted in higher lump premia. Our iron ore operations provide customers with high grade iron ore products which help our steel customers meet ever-tighter emissions standards. The terminal operates 24/7 and has the capacity to offload 10,000 tonnes per hour onto a vessel. Read all our news and learn more about our business. Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. Kumba Iron Ore owns 74% in Sishen Iron Ore Company (SIOC). From arrival to departure an ore vessel carrying 170,000 tonnes will be in Saldanha Bay for just 24 hours. This announcement includes forward-looking statements. CI. Kumba Iron Ore, Corporate Office, Centurion is located at: Centurion, South Africa. Since H1 2022, as operating conditions improved during the drier winter months, we have seen a marked progress in operational performance overall. The mine is operated by the Anglo American group company Kumba Iron Ore through its subsidiary Sishen Iron Ore Company (SIOC).
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