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Kumba Iron Ore Ltd (KIOJ.J)

KIOJ.J on Johannesburg Stock Exchange

28,850.00ZAc
23 May 2018
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-1,350.00 (-4.47%)
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Latest Key Developments (Source: Significant Developments)

Kumba Iron - Q1 Total Production Increased By 4% Driven By Production At Kolomela Increasing 26% To 3.5Mt Due To Increased Plant Throughput
Tuesday, 24 Apr 2018 

Kumba Iron Ore Ltd ::KUMBA IRON - Q1 TOTAL PRODUCTION INCREASED BY 4% DRIVEN BY PRODUCTION AT KOLOMELA INCREASING 26% TO 3.5MT DUE TO INCREASED PLANT THROUGHPUT.Q1 EXPORT SALES DECREASED MARGINALLY TO 9.9MT, WHILE DOMESTIC SALES INCREASED BY 6%..KUMBA IRON ORE - RELATIVE TO Q4 2017, THIS WAS A 12% DECREASE FOLLOWING DERAILMENTS WHICH IMPACTED EXPORT SALES BY 1.1MT IN Q1.KUMBA IRON ORE - WORKING CLOSELY WITH TRANSNET TO MITIGATE DERAILMENTS AND CURRENTLY EXPECTS TO MEET FULL YEAR GUIDANCE WITH TOTAL SALES OF 44-45MT.  Full Article

Kumba Iron Ore Says FY Production Of 45Mt Exceeded Recent Guidance​
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Kumba Iron Ore Ltd ::‍FULL YEAR PRODUCTION OF 45MT EXCEEDED RECENT GUIDANCE​.‍Q4 2017 DELIVERED CONTINUED STRONG QUARTER-ON-QUARTER PRODUCTION OF 11.6MT​.‍Q4 EXPORT SALES INCREASED BY 7% TO 11.4MT DUE TO IMPROVED LOADING RATES​.‍Q4 TOTAL FINISHED PRODUCT STOCKS WERE 4.3MT, COMPARED TO 3.5MT IN Q4 2016​.  Full Article

Anglo American reports 6 pct rise in Q3 total production
Tuesday, 24 Oct 2017 

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).​.  Full Article

Anglo American sees $143 mln in H1 underlying earnings from Kumba Iron Ore Ltd
Tuesday, 26 Jul 2016 

Anglo American Plc :Will report underlying earnings in respect of Kumba Iron Ore Limited of $143 million for six months ended 30 June 2016.  Full Article

Kumba Iron Ore says H1 HEPS up 20 pct to 9.41 rand
Tuesday, 26 Jul 2016 

Kumba Iron Ore Ltd : JSE: KIO - reviewed interim financial results for the six months ended June 30 2016 and changes in directorate . Says heps of r3 billion, r9.41 per share, up 20% . Says balance sheet strengthened to net cash position of r548 million . Says substantial r3.1 billion reduction in controllable costs . Production and waste is expected to be about 27 mt and about 150 mt from 2017 - 2020, respectively. . Full year guidance has therefore been reduced to about 38 - 39 mt compared to previous guidance of 40 mt . Iron ore prices are expected to remain under pressure in short to medium term . H1 production reduced by 21% to 17.8 mt consistent with revised sishen mine plan . No interim dividend . Average index iron ore prices (cfr china 62% fe) in first half of 2016 were down 13%, from $60/tonne in 1h 2015 to $52/tonne . Says 61% reduction in capital expenditure to r1.3 billion . Says now much more resilient and better positioned for lower prices. . Estimated capital expenditure for second modular plant at sishen is expected to be about r400 - r600 million . Targets a cash breakeven price of between $32-$40/tonne cfr for 2016. Volatility in non-controllable costs anticipated to continue.  Full Article

Anglo American says Themba Mkhwanazi appointed CEO of Kumba Iron Ore
Tuesday, 26 Jul 2016 

Anglo American Plc : Appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore Limited . July Ndlovu appointed ceo of anglo american's coal business in south africa, to replace Themba Mkhwanazi .Appointments of Mkhwanazi will take effect on 1 september 2016.  Full Article

Anglo American cuts FY copper, iron ore Brazil production guidance
Wednesday, 20 Jul 2016 

Anglo American Plc : Anglo american q2 production report . Q2 platinum production (expressed as metal in concentrate) (2) increased by 1% to 585,700 ounces . Q2 copper production from retained operations decreased by 8% to 144,200 tonnes . Q2 iron ore production from kumba decreased by 15% to 8.9 million tonnes as sishen restructured . Q2 iron ore production from minas-rio increased by 91% to 3.5 million tonnes (wet basis) as operation continues its ramp-up. . Q2 export metallurgical coal production increased by 4% to 5.5 million tonnes . Q2 export thermal coal production decreased by 6% to 8.1 million tonnes . Full year copper production guidance cut to 570,000 - 600,000 tonnes for 2017 (previously 590,000 - 620,000 tonnes) . Full year copper guidance cut owing to severe winter weather experienced at los bronces during quarter . Q2 manganese ore production was broadly in line with q2 2015 . Q2 diamond production decreased by 19% to 6.4 million carats . Q2 nickel production increased by 76% to 11,100 tonnes following successful completion of barro alto furnace rebuilds in 2015 . Full year copper production guidance has been revised down to 570,000 - 600,000 tonnes for 2016 (previously 600,000 - 630,000 tonnes).  Full Article

Kumba Iron Ore Q2 production decreases by 15 pct
Wednesday, 20 Jul 2016 

Kumba Iron Ore Ltd : Production decreased by 15 pct to 8.9 mt consistent with revised sishen mine plan for the quarter ended June 30 .Quarterly total sales of 9.7 mt (0.8 mt higher than production), a 26 pct decrease as stock levels reduced further.  Full Article

Kumba Iron Ore sees H1 HEPS between 14 pct and 23 pct higher
Thursday, 14 Jul 2016 

Kumba Iron Ore Ltd : H1 HEPS is likely to be between r8.95 and r9.65, representing an increase of between 14 pct and 23 pct .Expected increase in earnings largely attributable to derecognition of deferred tax asset of r617 million in comparative period.  Full Article

INTERVIEW-Vedanta chairman told Anglo not to sell South African assets

JOHANNESBURG, April 30 The chairman of Vedanta Resources Plc, who is also Anglo American's biggest shareholder, said on Monday he had convinced Anglo not to sell off key assets in South Africa.