April 25 (Reuters) - Kumba Iron Ore Ltd ::KUMBA IS ON TRACK TO DELIVER ITS SALES AND PRODUCTION GUIDANCE OF 43-44MT FOR 2019.QTRLY TOTAL SALES OF 10.9MT WERE IN LINE WITH Q1 2018, WITH EXPORT SALES INCREASING BY 2% TO 10.1MT.2019 GUIDANCE IS UNCHANGED.
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Dec 10 (Reuters) - Kumba Iron Ore Ltd ::JSE: KIO - IRON ORE EXPORT CHANNEL REOPENED.EXPECTATION OF MEETING LOWER END OF ITS 2018 GUIDANCE IS UNCHANGED.IOEC REOPENED BY TRANSNET ON 7 DEC, TWO DAYS EARLIER THAN EXPECTED, AND THAT OPERATIONS ON RAIL LINE HAVE RESUMED.2018 GUIDANCE IS 43-44 MT FOR TOTAL PRODUCTION AND 42-44 MT FOR TOTAL SALES.
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Nov 30 (Reuters) - Kumba Iron Ore Ltd ::KUMBA IRON ORE - TRANSNET INFORMED CO THAT TEMPORARY BRIDGE WILL BE CONSTRUCTED, IOEC LINE EXPECTED TO BE REOPENED ON DEC 9 .JSE: KIO - IRON ORE EXPORT CHANNEL DISRUPTED DUE TO RAILWAY BRIDGE DAMAGE.KUMBA IRON ORE - KUMBA NOTIFIED BY TRANSNET OF AN INCIDENT ON A PUBLIC ROAD AT A RAILWAY BRIDGE THAT HAS CLOSED IRON ORE EXPORT CHANNEL (IOEC).KUMBA IRON ORE LTD - KUMBA'S 2018 GUIDANCE WAS 43-44MT FOR TOTAL PRODUCTION AND 42-44MT FOR TOTAL SALES.KUMBA IRON ORE LTD - CURRENTLY ANTICIPATES THAT LOWER END OF ITS 2018 GUIDANCE WILL BE MET.
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Feb 13 (Reuters) - Kumba Iron Ore Ltd ::FY EBITDA OF R19.6 BILLION, A 6 % INCREASE.FY ATTRIBUTABLE FREE CASH FLOW OF R12.3 BILLION, UP 10%.FY HEADLINE EARNINGS OF R9.7 BILLION, R30.47 PER SHARE, A 12% INCREASE.FINAL CASH DIVIDEND OF R15 PER SHARE, WITH TOTAL DIVIDEND OF R30.97 PER SHARE.KUMBA ACHIEVED AN AVERAGE CASH BREAKEVEN PRICE OF US$40/TONNE (62%FE CFR CHINA), AN INCREASE OF US$11/TONNE FROM AVERAGE FOR 2016 YEAR.TOTAL TONNES MINED AT SISHEN INCREASED BY 12% TO 199.5 MT (2016: 178.3 MT) WITH 39% FEWER TRUCKS.TOTAL TONNES MINED INCREASED BY 12% TO 71.8 MT (2016: 64 MT).FY TOTAL REVENUE INCREASED BY 14% TO R46.4 BILLION COMPARED TO R40.8 BILLION FOR 2016.FULL YEAR PRODUCTION GUIDANCE FOR 2018 IS BETWEEN 44 TO 45 MT.SISHEN IS EXPECTED TO PRODUCE BETWEEN 30 TO 31 MT OF PRODUCT AND MINE BETWEEN 170 TO 180 MT OF WASTE IN 2018.KOLOMELA'S PRODUCTION GUIDANCE FOR 2018 IS AROUND 14 MT AND WASTE OF 55 TO 57 MT..TOTAL SALES VOLUMES OF 44 TO 45 MT ARE EXPECTED IN 2018.CAPITAL EXPENDITURE FOR 2018, INCLUDING DEFERRED STRIPPING, IS EXPECTED TO BE IN RANGE OF R3.9 BILLION TO R4.1 BILLION.
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Feb 9 (Reuters) - Kumba Iron Ore Ltd ::SEES FY HEADLINE EARNINGS LIKELY TO RISE TO R9,300 MILLION-R9,985 MILLION, HEPS LIKELY TO BE BETWEEN R29.13 AND R31.27.IMPROVED OPERATIONAL PERFORMANCE AT SISHEN MINE, DUE TO IMPROVED LEVELS OF PRODUCTION AND OPERATING EFFICIENCIES, NECESSITATED AN ASSESSMENT OF RECOVERABLE AMOUNT.IMPROVED OPERATIONAL PERFORMANCE AT SISHEN MINE RESULTED IN AN IMPAIRMENT REVERSAL RELATING TO SISHEN MINE OF R4.8 BILLION IN 2017.
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Oct 24 (Reuters) - Anglo American Plc ::ANGLO AMERICAN PLC - Q3 2017 DIAMOND PRODUCTION 9.2 MILLION CARATS VERSUS 6.3 MILLION CARATS IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 COPPER PRODUCTION FROM RETAINED OPERATIONS 147,300 TONNES VERSUS 139,800 TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 PLATINUM PRODUCTION 621 KOZ VERSUS 619 KOZ IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 IRON ORE PRODUCTION FROM KUMBA 11.5 MILLION TONNES VERSUS 11.8 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 IRON ORE PRODUCTION FROM MINAS-RIO 4.2 MILLION TONNES VERSUS 4.5 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR DE BEERS FULL YEAR PRODUCTION GUIDANCE HAS BEEN REVISED TO ABOUT 33 MILLION CARATS.ANGLO AMERICAN PLC - Q3 2017 EXPORT METALLURGICAL COAL PRODUCTION 5.5 MILLION TONNES VERSUS 5.1 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR COPPER FULL YEAR PRODUCTION GUIDANCE HAS BEEN TIGHTENED TO 570,000 - 580,000 TONNES.ANGLO AMERICAN PLC - Q3 2017 EXPORT THERMAL COAL PRODUCTION 6.3 MILLION TONNES VERSUS 7.4 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 NICKEL PRODUCTION 11,200 TONNES VERSUS 11,300 TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR PLATINUM PRODUCTION GUIDANCE (METAL IN CONCENTRATE) HAS BEEN LOWERED TO 2.30 - 2.35 MILLION OUNCES.ANGLO AMERICAN PLC - FOR IRON ORE BRAZIL FULL YEAR PRODUCTION GUIDANCE REMAINS UNCHANGED AT 16-18 MILLION TONNES (WET BASIS)..
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Sept 13 (Reuters) - TRADE UNION SOLIDARITY: :SOLIDARITY SIGNS FAVOURABLE WAGE AGREEMENT WITH KUMBA.TOGETHER WITH NUM RATIFIED AND SIGNED COLLECTIVE AGREEMENT ON WAGES AND OTHER CONDITIONS OF SERVICE THAT HAD BEEN REACHED WITH KUMBA ON 7 JULY.KUMBA EMPLOYEES WILL BE REMUNERATED RETROSPECTIVELY AND WILL ALSO RECEIVE A ONCE-OFF MONETARY BENEFIT TO VALUE OF R25,046,26 (AFTER TAXATION).THIS AGREEMENT WILL APPLY TO NEXT THREE YEARS.
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Aug 25 (Reuters) - National Union of Mineworkers :SIGNED A WAGE AGREEMENT WITH KUMBA IRON ORE.PARTIES AGREE ON A ONCE A ONCE OFF EX GRACIA PAYMENT OF R25,064.26 AFTER TAX WHICH WILL BE PAID TO ALL EMPLOYEES COVERED BY THE AGREEMENT.AGREEMENT WITH KUMBA FOR 3 YEARS THAT WILL SEE MEMBERS OF NUM RECEIVING PERCENTAGES RANGING BETWEEN 7% TO 10%.HOUSING ALLOWANCE FROM 1ST OF JULY 2017 WILL BE R2 900, 01 JULY 2018 WILL BE R3 200 AND 01 JULY 2019 WILL BE R3 500.
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July 25 (Reuters) - KUMBA IRON ORE LTD ::FANI TITI INTENDS TO STEP DOWN FROM BOARD WITH EFFECT FROM 30 SEPTEMBER 2017.MANDLA GANTSHO HAS BEEN APPOINTED AS AN INDEPENDENT DIRECTOR AND CHAIRMAN DESIGNATE.GANTSHO WILL JOIN BOARD ON 1 AUGUST 2017 AND WILL SUCCEED TITI AS CHAIRMAN ON 1 OCTOBER 2017, AFTER HANDOVER PERIOD OF TWO MONTHS.
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July 25 (Reuters) - Kumba Iron Ore Ltd ::BOARD HAS DECIDED TO RESUME PAYING A DIVIDEND.BOARD HAS DECIDED TO PAY AN INTERIM CASH DIVIDEND OF R15.97 PER SHARE.FOR HY TOTAL TONNES MINED AT SISHEN INCREASED BY 11% TO 92.9 MT (1H16: 83.7 MT).FOR HY TOTAL TONNES MINED AT KOLOMELA MINE INCREASED BY 21% TO 32.2 MT, (1H16: 26.7 MT).FOR HY TOTAL TONNES MINED WERE 125 MT, A 13% INCREASE.KUMBA ACHIEVED AN AVERAGE CASH BREAK-EVEN PRICE OF US$43/TONNE (CFR CHINA) IN THE FIRST SIX MONTHS OF 2017.HY HEADLINE EARNINGS INCREASED BY 53% TO R4.6 BILLION (1H16: R3 BILLION).ATTRIBUTABLE AND HEADLINE EARNINGS FOR HY WERE R14.37 AND R14.42 PER SHARE RESPECTIVELY.
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