in the third quartile of the global cost curve, we are particularly susceptible to the global iron ore price. At year end, the Platts 62% Fe CFR index was higher than expected at US$74/tonne, with the 2017 average of US$71/tonne representing a 22% increase on 2016 average index iron ore prices. This price growth was
The average lump:fine ratio of Kumba's iron ore products was 66:34 (2022: 67:33) and product quality of 63.7% Fe 2022: 63.8%), translated into an average …
Average realised free on board (FOB) export iron ore price of US$121 per wet metric tonne (wmt) equivalent to US$123 per dry metric tonne (dmt), compared to the average …
Kumba updates full year 2023 guidance and outlook for 2024 to 2026. CONFERENCE REPLAY South Africa: 010 500 4108 UK: 0 203 608 8021 Australia: 073 911 1378 USA: 1 412 317 0088 International: +27 10 500 4108 Replay Access Code: 43460
Die Kumba Iron Ore LtdShs Aktie wird unter der ISIN ZAE000085346 an den Börsen Frankfurt, Düsseldorf, München, Stuttgart, Berlin, Hannover, Nasdaq OTC, gettex, Tradegate, Lang & Schwarz, Baader ...
Kumba Iron Ore Limited 3Reviewed interim results for the six months ended 30 June 2020 have the most effective business result. Through ... currency and constructive iron ore prices. To date, we delivered cost savings of R700 million and have deferred R1.0 billion of non-critical capital expenditure, further strengthening our liquidity
Kumba Iron Ore is a supplier of high-quality iron ore to the global steel industry, focused on creating and sharing value with a range of stakeholders.
Kumba Iron Ore CDP Climate Change Questionnaire 2020 Wednesday, January 20, 2021 1 Welcome to your CDP Climate Change Questionnaire 2020 C0. Introduction ... further flattening of the global cost curve, continuing regulatory and policy pressures, and elevated levels of political and market uncertainty, Kumba has introduced a refined operating ...
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers around the globe including in China, …
The fall and flattening of the iron ore price has been accompanied by a flattening of the production cost curve across the sector as a result of new low-cost supply, new …
Kumba Iron Ore Limited ('Kumba' or 'the group') announces its results for the six months ended 30 June 2015. KEY FEATURES. ... lower freight rates and producer currencies have resulted in a structural change in the iron ore market and a flattening in the cost curve. This has been exacerbated by muted demand.
Kumba Iron Ore annual results 2021 Share. X; Facebook; LinkedIn; Share. Copied! Press releases – 2022. Share. X; Facebook; LinkedIn; Share. Copied! Kumba Iron Ore annual results 2021. skip to main content. Back to 2022. Kumba Iron Ore annual results 2021. 22 February, 2022
— Volatility in the iron ore price — Flattening of the cost curve globally ... 10 Kumba Iron Ore Limited Integrated Report 2017 cApitAls AnD trADe-oFFs We depend on the expertise, wellbeing and motivation of employees, contractors and service providers to generate value.
Kumba's earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 55% (H1 2019: 58%) benefitted from favourable iron ore prices, a weaker Rand/US$ …
challenging for iron ore producers with further decline and volatility in prices. New low cost supply aided by the realisation of efficiencies across the sector, lower freight rates and producer currencies have resulted in a structural change in the iron ore market and a flattening in the cost curve. This has been exacerbated by muted demand.
Internationally, volatility in the iron ore price has been accompanied by a further flattening of the producer cost curve and continued pressure on margins. After peaking at a 30 …
KUMBA IRON ORE LIMITED INTERIM RESULTS ... Cost curve CFR China ($/t)1 2013 2014 2015 50th Percentile $46 $62 $63 ... curve is flattening out 1. Source: CRU • A turbulent and challenging period for producers • Structural change in the iron ore market driven by oversupply and muted demand • Sharp decline and volatility in pricing, with no ...
Trading statement for the six months ended 30 June 2023 . Kumba is finalising its financial results for the six months ended 30 June 2023 and further information will be provided in the company's results for the period, which will be released on the Johannesburg Stock Exchange News Service ("SENS") on 25 July 2023.
By prioritising operational safety, stability, capability and cost-efficient production, we achieved savings of R1.8 billion and an improved C1 unit cost of US$38.5/wmt. ... Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. …
Cheryl was offered a bursary by Kumba Iron Ore in 2011 and completed her studies in 2014. During her University tenure, she was actively involved in Women in Mining (WIM) initiatives leading to her being spotted by Kumba as a prospective bursar at a WIM function hosted by the University of Johannesburg (UJ).
Not all iron ore is created equal. The highest quality and most important iron ores for steelmaking are hematite (Fe2O3) and magnetite (Fe3O4). Hematite is the more sought-after ore and the preferred raw material in efficient steelmaking mills. It accounts for approximately 95% of South Africa's iron ore production.
Cost curve CFR China ($/t)1 2013 2014 2015 50th Percentile $46 $62 $63 A PERIOD OF INTENSE CHANGE FOR THE INDUSTRY Prices are declining and the co st curve is flattening out 1. Source: CRU • A turbulent and challenging period for producers • Structural change in the iron ore market driven by oversupply and muted demand
Sishen and Kolomela's unit cost guidance for the full year 2024 have been maintained at R520–R550/t and R410-R440/t, respectively and the C1 unit cost guidance is unchanged at US$38/t. ... Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel …
KUMBA IRON ORE LIMITED. KUMBA IRON ORE LIMITED Gulin Bank BRICS Global Metals and Mining Conference 2010 … • Positioned in lower half of the FOB cost curve • Highly … » Free Online Chat Anglo American – Kumba Iron Ore – Anglo American plc Share price; Share data; SENS; Dividend information; Results centre; Financial reports …
Sishen's unit cost and the total C1 unit cost guidance has been maintained at R500 – R530/t and US$44/t, respectively. Kumba's revised full year 2022 guidance subject to potential logistics, weather and loadshedding disruptions, is as follows: ... Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding ...
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Iron ore prices strengthened during Q3 2023 despite a 7% increase in global iron ore supply and thin steel mill margins. Steel production in China increased by 3% YTD, …
Cost savings are net of ~7% mining inflation per annum and structural changes including strip ratios, longer distances and increased lift. 3. Timing effects contributed $6/t.
The structure of the Latest Proposal is unchanged from the proposal previously rejected on 26 April 2024. This comprises an all-share offer for Anglo American by BHP, with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited …
The ore quay at Saldanha has two berths where two vessels of 310,000 deadweight tonnage can simultaneously tie up at the iron ore jetty. The terminal operates 24/7 and has the capacity to offload 10,000 tonnes per hour onto a vessel.
Kumba Iron Ore Extracts from the provisional audited annual financial result for the year ended 31 December 2020 - Kumba delivers, Annual Results 2020 developed by Bastion ... Our strong cost discipline provided further margin protection and resulted in savings of R1.3 billion, including R613 million of Covid-related savings. ...
The ore quay at Saldanha has two berths where two vessels of 310,000 deadweight tonnage can simultaneously tie up at the iron ore jetty. The terminal operates 24/7 and has the capacity to offload 10,000 tonnes per hour onto a vessel. From arrival to departure an ore vessel carrying 170,000 tonnes will be in Saldanha Bay for just 24 hours.
The fall in the iron ore price has been accompanied by a flattening of the production cost curve across the sector. This flattening is due to substantial new low-cost supply, the realisation of new efficiencies across the sector (driven by lower ore
Iron ore is the key component in steel, the most widely used of all metals. It is used in the construction of buildings and bridges, and manufacturing of vehicles and many appliances. ... We build mines that are effective, cost-efficient and environmentally sound – mines that minimise our environmental footprint while safeguarding ...
† 5th February 2010: Sishen Iron Ore Company ('SIOC') notified ArcelorMittal South Africa ('Mittal') that, as Mittal had failed to convert its 21.4% undivided share in the old order mining rights which it held in relation to the Sishen Mine, Kumba would no longer supply iron ore at cost plus 3%, but at market related prices
Kumba anticipates total iron ore production of ~47Mt in 2014, 47 – 48 Mt in 2015, 48 – 50 Mt in 2016 and 48 – 50 Mt in 2017. Blended free on board (FOB) cash costs are expected to be $35/tonne in 2014, $39/tonne in 2015, $40/tonne in …
Latest Kumba Iron Ore Ltd (KUI:MUN) share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more.
Kumba Iron Ore Limited A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number 2005/015852/06) ... Product is shipped with ~1.6% moisture and the 2023 cost guidance is calculated at a foreign exchange rate of ~R18/US$. Production and sales volumes referred to for the period are of Sishen ...
We announced our 2024 Interim Results on 23 July 2024. Read all our news and learn more about our business.
Business priorities. Ramp-up to full run-rates. Maintain flexibility, protect value chain. Support Transnet to increase capacity. Agile marketing maximising value. Proactive …
