KUMBA IRON ORE - Annual Report 2007

Chairman’s statement

Lazarus Zim
 
Lazarus Zim The 2007 financial year was an important period for Kumba in which we delivered on most of our pre-listing forecasts amid buoyant commodity markets
 
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Chief executive officer’s review

Ras Myburgh
 
Ras MyburghOur first year as a pure-play iron ore business saw several records broken, most notably a production high of 32.4Mt and the first output from our R5 billion Sishen Expansion Project
 
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Highlights

Kumba has been successful in many ways this year.

All operating units retained their certification for ISO 14001 and OHSAS 18001 management systems for 2007. In an improved safety performance Thabazimbi Mine’s lost-time injury frequency rate dropped to 0.12 from 0.31, and Sishen Mine achieved 0.23 despite much more activity on the mine with the construction of the Sishen Expansion Project.

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Financial review

Kumba continued to generate superior returns for shareholders, with significant growth in it share price and a substantial dividend.
 
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Annual financial statements

Group
¬ Balance Sheets
¬ Income Statements
¬ Cash Flow Statements
¬ Statement of Changes in Equity
¬ Notes
 
Company
¬ Balance Sheets
¬ Income Statements
¬ Cash Flow Statements
¬ Statement of Changes in Equity
¬ Notes

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