kumba

Commodity bust evident in 2014 scourge on prices

Across a wide range of commodities, prices have plunged by as much as 50% since the start of the year. Case in point, iron ore prices that dropped to its lowest levels in five years in December. Commodity prices have taken a knock owing to a...

Global woes, local strikes hit Anglo results

Anglo American’s underlying earnings for the first half of 2014 were $1.3 billion, 3% higher than for the same period in 2013, with an underlying operating profit of $2.9 billion, a 10% decrease from $3.3 billion. Weak global growth Continuing weak...

Sishen confident of meeting 2014 production target

The revised mining plan at Sishen has resulted in improved flexibility and better utilisation of equipment, Kumba has reported in its interim results for the six months ended June. Confidence This has meant that levels of exposed ore have improved,...

ACTOM completes R16m contract at Kolomela

ACTOM Air Pollution Control of Johannesburg has completed a R16 million contract to improve dust extraction efficiencies on the secondary and tertiary crushers in the mineral processing plant at Kolomela iron ore mine near Postmasburg in the...

Kumba Iron Ore celebrates Global Safety Day

Kumba Iron Ore is celebrating Global Safety Day for the second year under the theme “Plan to be safe, plan to deliver and plan together.” The day’s theme focused on planned work and the importance of proactive hazard identification and teamwork. ...

Total Kumba production and sales down

In its released production and sales report for the quarter ended 30 June 2013, Kumba Iron Ore shows a decrease in total production and total export sales volumes. However while total production of 11.3 Mt decreased by 1% compared to Q2 2012 it...