Kumba Iron Ore

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About Us

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Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of the highest quality iron ore to the global steel industry. The South African based company is the fourth largest supplier of seaborne iron ore in the world, exporting more than 34 million tonnes per annum to steelmakers in Europe, the Middle-East, and Asia. Kumba has reserves of more than a billion tons of high quality haematite.

The company operates two opencast mines in South Africa – Sishen Mine and Thabazimbi Mine. Together they produce more than 40Mt of iron ore per annum (Mtpa), which accounts for 81% of South Africa’s total production and around 4% of the global seaborne trade. The combined reserves of these mines exceed one billion tons of high quality iron ore.

An expansion project named Kolomela, which uses jig technology, is ramping up to reach a capacity of 13Mtpa in 2010. A new greenfields project will supply an additional 9Mtpa by 2013.

Thabazimbi Mine’s product is sold exclusively to ArcelorMittal South Africa.

In 2008 Kumba received a new order mining right to proceed with the Kolomela project and converted old order mining rights for the existing Sishen and Thabazimbi mines. Receiving these rights enabled the company to focus on the extraction of the resources and significantly strengthened business security.

Kumba has been exporting iron ore to Europe and Japan since 1976 and has established enduring relations with the most significant steel mills in these countries. These customers regard Kumba as a strategic supplier of superior iron ore that enhances their furnaces’ efficiencies. The company was also a “first mover” into China by investing in the port of Qingdao in the early 1990s. This enabled Kumba to secure its customer base in Northern China and to take full advantage of the remarkable growth in the Chinese steel industry when production quadrupled during the commodities boom of 2000 – 2008.

Kumba sells its products to most of the major steel mills in the world. The long-term relationships Kumba has enjoyed with its domestic and international customers have allowed the company to develop a finely tuned understanding of the steel industry’s needs and challenges. Through joint efforts and cooperation with various customers in the fields of research and development, and with the application of new technology both in manufacturing and product development, Kumba has the unique ability to provide its customers with products and services that meet their specific requirements, offering them the full advantage of its ore’s properties.

 

Date   Activity

1932

 

Thabazimbi Iron Ore Mine commences mining operations.

1953

 

Sishen Iron Ore Mine commences mining operations.

1976

 

Sishen Iron Ore Mine commences export of iron ore via recently completed

   

railway line to Saldanha Bay.

1989

 

Iscor is privatised and listed on the JSE.

2000 – 20 November

 

Iscor shareholders approve the process of putting assets into separate legal

   

entities.

2001 – 26 November

 

Kumba (Iscor Mining division) unbundled and separately listed on JSE.

2003

 

Anglo American becomes Kumba’s majority shareholder.

2005 – 13 October

 

Announcement of the transaction that will result in the creation of Exxaro and

   

Kumba Iron Ore.

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