Kumba Iron Ore - Annual Report 2006

Highlights

	Audited 2 mths	Unaudited 12 mths

Revenue	R2,2bn	R8,7bn
Operating profit	R684m	R5,4bn
Headline earnings	R262m	R2,1bn
Earnings per share (cps)	84	1 080
Maiden dividend 80 cents per share
Fully empowered mining company

Annual financial statements

¬ Balance Sheets
¬ Income Statements
¬ Cash Flow Statements
¬ Statement of Changes
¬ Notes

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Chairman’s statement

Kumba Iron Ore Limited came into existence when the iron ore assets of Kumba Resources were unbundled and listed separately on the JSE on 20 November 2006.

Strategic objectives

Against the background of a market for seaborne iron ore that is projected to remain attractive for some years, Kumba Iron Ore’s secure access to high quality reserves and to existing infrastructure provides the basis from which to rapidly expand its production capacity.

Geographical locations

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Chief Executive Officer’s review

Kumba Iron Ore Limited came into existence when the iron ore assets of Kumba Resources were unbundled and listed separately on the JSE on 20 November 2006.

Kumba Iron Ore Limited was registered as a legal entity in May 2005 with no trading taking place until November 2006.

Group review at a glance

In 2006 Kumba Iron Ore produced 28,7 Mt of iron ore at Sishen Mine in the Northern Cape Province. 2,4 Mt was produced at Thabazimbi Mine in the Limpopo Province, bringing total production of the group for 2006 to 31,1 Mt.