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Our History
The company has been in the mining business for more than 70 years. The company came into existence when the iron ore assets of the former Kumba Resources Limited were unbundled and listed separately on the Johannesburg Securities Exchange (JSE) in November 2006. It is a fully empowered company in terms of the 2014 equity ownership requirements set out in the South African Mining Charter. Shareholders include Anglo American (62,95%), the Industrial Development Corporation (12,99%), and minorities (24,06%).
Historic highlights are:
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1932 |
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Iscor’s first mine, Thabazimbi mine, was established in the Limpopo Province and supplies iron ore to the Pretoria Works steel plant. |
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1954 |
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Sishen mine was established in the Northern Cape Province. |
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1976 |
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South African Government invested in infrastructure to enable export of iron ore from Sishen mine via the Sishen-Saldanha rail link and port facility. |
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1989 |
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Iscor was privatised. |
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2001 |
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Unbundled into two separately listed mining and steel companies, namely Kumba Resources and Iscor. |
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2006 |
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Unbundling of Kumba Resources' iron ore assets and the relisting of Kumba as Exxaro and a new company Kumba Iron Ore. |
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