Chairman’s statement

Kumba was granted new order mining rights for Sishen Mine and Thabazimbi Mine and a new mining right for the Sishen South project. These milestones significantly strengthen the security of the business.

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Chief executive officer’s review

Calendar year 2008 was a period of many opportunities and considerable challenges across the private and public sectors, locally and internationally. For Kumba, the first three trading quarters provided the solid foundation to withstand a marked global downturn in iron ore demand in the final quarter and deliver record financial results.

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Resources and reserves

	Mines and projects
	General statement on mineral resource and ore reserve estimation and reporting
	Security of Tenure
	Resources and reserves tables
	Comment