Annual financial statements 2008
 
   
   
 
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Performance review

Kumba Iron Ore Limited, a member of the global Anglo American plc group, is a leading supplier of seaborne iron ore. In 2008 Kumba exported over 24 million tonnes of superior iron ore to customers in a range of geographical locations around the globe; from China, Japan and Korea to a number of countries in Europe and the Middle East.

At present, Kumba’s iron ore comes from its Sishen and Thabazimbi mines, located in South Africa’s Northern Cape and Limpopo provinces respectively. A major new mine is being developed at Postmasburg in the Northern Cape that will start producing in 2012, ramping up to full production of 9Mtpa in 2013.

Since listing on the Johannesburg Stock Exchange (JSE) in 2006, Kumba has proven itself a unique pure-play iron ore investment, known for its product quality, extensive base of mineral resources and reserves and progressive approach.

The group is well positioned not only to weather the current downturn in the demand for commodities, but to make the most of the inevitable upswing when it follows.

About this Annual financial statements

  • The Annual financial statements have been produced by Kumba Iron Ore Limited (Kumba) for the 2008 financial year, that is from 1 January 2008 to 31 December 2008.
  • The Annual financial statements are available on the Internet at www.kumba.co.za
  • In addition to the Annual financial statements, Kumba produces the following reporting publications:
    – Annual review, that provides a concise overview of the group’s operations for the financial year
    – Sustainable development report, on the social-economic and environmental impacts of the company’s activities on our journey to sustainability.
Operating profit and headline earnings more than doubled

Numerous awards entrench Kumba as new-generation mining group

Total cash dividend of R21.00 per share

Sishen Mine production up 15% to 34Mt

9Mtpa Sishen South project approved, funding in place, construction under way

Agreement finalised with Transnet on expanding iron ore export channel

Granting of new order mining rights strengthens business security

 

 

 
 
  A member of the Anglo American plc group