|
|
| Revenue: sector analysis
| |
Rand million |
2009 |
|
2008 |
|
% change |
|
2007 |
|
| |
Export |
18,657 |
|
17,547 |
|
6% |
|
9,064 |
|
| |
Tonnes sold (Mt) |
34.2 |
|
24.9 |
|
37% |
|
24.0 |
|
| |
US Dollar per tonne |
65 |
|
88 |
|
(26%) |
|
54 |
|
| |
Domestic |
|
|
|
|
|
|
|
|
| |
(Sishen Mine) |
816 |
|
761 |
|
7% |
|
827 |
|
| |
Tonnes sold (Mt) |
4.0 |
|
5.6 |
|
(29%) |
|
6.5 |
|
| |
Rand per tonne |
204 |
|
136 |
|
51% |
|
127 |
|
| |
Domestic |
|
|
|
|
|
|
|
|
| |
(Thabazimbi Mine) |
543 |
|
640 |
|
(15%) |
|
521 |
|
| |
Tonnes sold (Mt) |
1.8 |
|
2.5 |
|
(24%) |
|
2.4 |
|
| |
Rand per tonne |
302 |
|
252 |
|
16% |
|
217 |
|
| |
Shipping operations |
3,392 |
|
2,412 |
|
41% |
|
1,085 |
|
| |
Total revenue |
23,408 |
|
21,360 |
|
10% |
|
11,497 |
|
 |
- A R920 million increase in revenue from shipping operations. Total tonnes shipped by Kumba increased by 15.3Mt from 6.2Mt to 21.5Mt during 2009, albeit at a lower margin. There was a fundamental shift in export sales from a FOB basis to a CIF basis as Kumba redirected export volumes from traditional markets of Japan, Korea and Europe, where customers arrange their own shipping, to China.
- Despite the significant strengthening of the Rand to the US Dollar in the third quarter of 2009, the average exchange rate of the Rand to the US Dollar for 2009 was slightly weaker (average exchange rates – R8.39/US$1.00 in 2009 compared with R8.25/US$1.00 in 2008), which contributed R306 million to revenue.
|
