Kumba has generated substantial value for its empowerment partners and is committed to transformation, with the Community Trust having paid off its debt in 2010 (four year pay-off period vs original estimation of 10 years)
- R8.6 billion returned to BEE shareholders since November 2006
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* Broad-based employee share participation scheme
** As at 31 December 2010
Kumba is the 4th largest supplier of seaborne iron ore in the world
- Kumba, operating through its 74% held subsidiary SIOC, has two operational mines at Sishen and Thabazimbi, with a third, Kolomela (Sishen South), scheduled to begin production in 2012
- Kumba generated revenue of R38.7bn in 2010 (2009: R23.4bn), of which R36.1bn related to export sales (2009: R22bn)
- Kumba has a market capitalisation of c.R137bn and is the 11th largest company listed on the JSE
Employs 11, 800 employees and contractors
- 6,400 employees and 5,400 contractors, up 300 from 11,500 in 2009.
- 725 apprentices
- 72,5% black; 14% female employees
- 31% black representation in management; 16% senior management, 33% middle and 34% junior management
- Three out of nine directors are black
Investing significantly in job creation and skills development
- R368m spent on skills development since 2007, and enterprise development activities resulted in creation of 37 new businesses and 360 permanent jobs over past three years
A large contributor to the fiscus
- 2010 operating profit of R25.1bn and total taxes paid of c.R8.5bn (includes secondary taxes)
Major commitment to transformation
- Empowerment partners have received R8.6bn in dividends since 2007
- 2010 spend of R3.7bn on preferential procurement
- Kumba and SIOC are fully compliant with the Mining Charter
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