Kumba Iron Ore Limited Integrated Report 2015 25 Our operating context and strategy A FLATTENING OF THE COST CURVE GLOBALLY A flattening of the global cost curve across the sector, has shifted Kumba’s position on the curve The fall in the iron ore price has been accompanied by a flattening of the production cost curve across the sector. This
Read MoreA flattening of the global cost curve across the sector has shifted Kumba’s position on the cost curve 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
Read MoreKumba Iron Ore Limited Integrated Report 2015 25 Our operating context and strategy A FLATTENING OF THE COST CURVE GLOBALLY A flattening of the global cost curve across the sector, has shifted Kumba’s position on the curve The fall in the iron ore price has been accompanied by a flattening of the production cost curve across the sector. This
Read MoreMay 05, 2021 Kumba Iron Ore Limited (Kumba) is a supplier of iron ore to the global steel industry. The Company is engaged in the exploration, beneficiation, marketing, sale and shipping of iron ore. The Company's segments include Sishen mine, Kolomela mine, Logistics, Shipping operations and Other. The Company operates primarily in South Africa, with ...
Read MoreKumba Iron Ore Limited production and sales report for the quarter ended 30 September 2020. Kumba Iron Ore Limited production and sales report for the quarter ended 30 September 2020. Find out more. Transformation. Our difference. For us, Transformation is a non-negotiable – it's a business imperative.
Read MoreInternationally, 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-month high of US$95/tonne in mid-February 2017, iron ore prices ended the year at US$74/tonne, averaging US$71/tonne for 2017, a 22% increase on 2016 average
Read MoreKumba’s share price recovered significantly during the year from R41 at 31 December 2015 to R159 at year end, and headline earnings per share increased by 131% to R27.30. Given the volatile iron ore price environment, we have chosen once again to suspend payment of dividends. Our strict cost discipline measures have delivered substantial
Read MoreHistory. Kumba Iron Ore is a successor of Kumba Resources. Kumba Resources was listed on the JSE in 2001. Kumba Resources was reorganized in November 2006 when coal and heavy minerals operations were spun off to newly created companies Kumba Iron Ore (Heavy minerals) and Exxaro Resources(Coal).. Kumba Iron Ore Ltd. listed on the JSE in November 2006 with a market
Read MoreThese mines operate in the first quartile of the seaborne cost curve and produce high quality thermal coal. We also produce around 10 Mt a year of thermal coal for sale to the domestic market. ... and a non-executive director of Kumba Iron Ore. Seamus joined the Group in 2007 and was CEO of Metallurgical Coal between 2009 and 2013, and CEO of ...
Read MorePrices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin rose to as high as $197 per tonne, shy of a record of $200 hit in November of 2007, on robust demand for the steel-making ingredient and lower supply. China’s crude steel production climbed 19% last month to a near record high and mills keep increase output on high-profit margins despite the government’s ...
Read More20 Kumba Iron Ore Limited Integrated Report 2017 ... the cost curve Volatility in the iron ore price has been accompanied by a flattening of the production cost curve across the sector, driven by new low-cost supply opportunities, weaker currencies in key producer markets, and enhanced operational efficiencies across the sector, assisted in ...
Read Morein 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
Read MoreKumba Iron Ore Norman Mbazima Iron Ore Brazil Paulo Castellari Coal (From 01.01.2014) Seamus French Base Metals and Minerals Duncan Wanblad Platinum Chris ... Positioning of assets within the industry margin / cost curve quartile is for illustrative purposes only Q2 Q1 Industry Margin / Cost Curve Quartile Q4 Q3 Assets Copper Diamonds Iron Ore ...
Read Morestructural change in the iron ore market and a flattening in the cost curve. This has been exacerbated by muted demand. These changes in market fundamentals have necessitated a robust review of Kumba’s business in order to improve its competitive position
Read MoreApr 26, 2016 The new iron ore cost curve. By David Llewellyn-Smith in Commodities, Featured Article, Iron ore price. ... Big movers have been Kumba down US$13/t to US$31/dmt cfr, but achieved through closure ...
Read MoreDynamic iron ore market fundamentals, including low cost supply, the flattening of the cost curve and more muted demand from China, necessitated a thorough review of Kumba’s business in order to further improve its competitive position and reduce cash costs.
Read MoreDespite this cost pressure Sishen and Kolomela mines hold healthy positions on the lower half of the free on board (FOB) cash cost curve. Kumba realised a 26% weighted average increase in export iron ore sales prices and a 3% increase in export sales volumes, with revenue reaching a record level of R48.6 billion, 25% up on 2010.
Read MoreJan 01, 2015 This has put considerable pressure on the higher-cost iron ore producers to reduce costs, and even the major producers such as BHP Billiton, Rio Tinto, Vale, FMG, and Kumba Iron Ore at the lower end of the cost curve (see Figure 1.51) are reducing staff levels and operating costs to improve profit margins, a key focus being on maximizing ...
Read MoreMay 11, 2016 Two years later, technology now touches every pillar of Kumba’s entire business strategy and is itself a strategic pillar. “Stipulated in the technology roadmap, new initiatives introduced to reduce our cash costs must position Kumba within the lower half of the cost curve.
Read MoreKumba’s ability to supply iron ore to the market will be enhanced by the ramping up of Kolomela mine during 2012 to produce between 4Mt and 5Mt in 2012. Export sales volumes in 2012 are anticipated to grow by ~3Mt from the volumes achieved in 2011 as volumes from Kolomela mine ramp up, offset by the fact that excess finished product ...
Read MoreKumba Iron Ore has been good to its stakeholders. Generous in fact. For the six months to June 2019, the company reported an increase in headline earnings by 239% to R10.1-billion and declared an ...
Read MoreThese mines operate in the first half of the seaborne cost curve and produce high quality thermal coal. We also produce around 10 Mt each year of thermal coal for sale to the domestic market. ... and a non-executive director of Kumba Iron Ore. Seamus joined the Group in 2007 and was CEO of Metallurgical Coal between 2009 and 2013, and CEO of ...
Read MoreJan 07, 2011 While far from the largest player in the seaborne iron ore game, Anglo is a relatively low-cost producer. We estimate Kumba's cash costs at $30 per
Read MoreKumba is a low-cost producer with cash costs of under $20 per tonne (in the lower quartile of the global cost curve). Given average iron ore prices in 2011 of $159 per tonne, Kumba achieved a group operating profit margin of 65.8% and cash flow of R35.3bn ($4.32bn) before mineral royalty.
Read MoreApr 26, 2016 The new iron ore cost curve. By David Llewellyn-Smith in Commodities, Featured Article, Iron ore price. ... Big movers have been Kumba down US$13/t to US$31/dmt cfr, but achieved through closure ...
Read MoreKumba is a low-cost producer with cash costs of under $20 per tonne (in the lower quartile of the global cost curve). Given average iron ore prices in 2011 of $159 per tonne, Kumba achieved a group operating profit margin of 65.8% and cash flow of R35.3bn ($4.32bn) before mineral royalty.
Read MoreKumba Iron Ore KEY Open cut Other 2 1 16 14 3 2 15 1 1 KUMBA IRON ORE – SISHEN MINE 51.5% effective ownership Sishen mine, located in the Northern Cape province, produces a leading quality lump ore and also a premium fi ne ore. Sishen produced 35.5 Mt of iron ore in 2014. Reserve life: 16 years 2 KUMBA IRON ORE – KOLOMELA MINE 51.5% ...
Read MoreKumba is a low-cost producer with cash costs at Kolomela of under $20 per tonne (in the lower quartile of the global cost curve). Given average iron ore prices in 2012 of $130 per tonne, Kumba achieved a group operating profit margin of 51% and cash flow of R25.3bn ($3.03bn) before mineral royalty.
Read MoreDespite this cost pressure Sishen and Kolomela mines hold healthy positions on the lower half of the free on board (FOB) cash cost curve. Kumba realised a 26% weighted average increase in export iron ore sales prices and a 3% increase in export sales volumes, with revenue reaching a record level of R48.6 billion, 25% up on 2010.
Read MoreJul 22, 2014 Anglo American’s (LON:AAL) Kumba Iron Ore Ltd. said Tuesday market demand for the steelmaking ingredient will absorb growing supply from the largest producers as the highest-cost
Read MoreJul 23, 2014 Iron-ore output went up by 5% to 22.8 million tons, it said. Kumba declared a dividend of 15.61 rand a share. “We’re looking good,” Mbazima said. “We’re in the lower half of the cost-curve and even at these levels we’ve got margins that are quite healthy.”
Read MoreFeb 09, 2017 Speaking about the change in rhetoric from volume to value in the iron ore industry over the past five years, Anesan said Kumba is following a value versus volume strategy. “Everyone is running to bring the cost curve as low as possible, but it is also important to look at the impact of what assets you’re looking for – whether they are ...
Read MoreDec 31, 2017 Kumba Iron Ore production for the full year increased by 8% to 45 million tonnes driven by improved productivity. Metallurgical Coal production for the full year increased marginally to 19.7 million tonnes, with Grosvenor’s ramp-up and record productivity levels at underground operations offset by the removal of higher cost volumes at Dawson.
Read MoreAnglo American is a global mining company with a portfolio that spans diamonds, platinum, copper, iron ore more.
Read MoreFeb 18, 2011 BHP positions itself in the cost curve around $39/t CIF. Average iron ore price for the year ended June 2011 was $163/t, resulting in a 76% operating margin. Implications: Combining the data from the two charts above, BHP’s breakdown of total iron ore costs of $39/t CIF China are as follows: US$9.4/t – Contractors
Read MoreThese mines operate in the first half of the seaborne cost curve and produce high quality thermal coal. We also produce around 10 Mt each year of thermal coal for sale to the domestic market. ... and a non-executive director of Kumba Iron Ore. Seamus joined the Group in 2007 and was CEO of Metallurgical Coal between 2009 and 2013, and CEO of ...
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