The highest quality and most important iron ores for steelmaking are hematite (Fe2O3) and magnetite (Fe3O4). Kumba Iron Ore produces both high quality lump (64.0%Fe) and high grade sinter fines (63.5%Fe) for the domestic and export markets.
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.
The company’s uniqueness lies in the fact that they are primarily a principle lump iron ore producer with a recognised exceptional chemical and metallurgical quality product.
|Mining Project||Mineral||Mine Phase||Capital Value|
|Kolomela Iron Ore Mine (Sishen South)||Iron Ore||Operational||R 8,499,999,744.00|
|Sishen Mine Expansion (Sep)||Iron Ore||Operational||R 5,000,000,000.00|
|Sishen Western Expansion(Swep) (Railway)||Industrial||Completed||R 1,200,000,000.00|
|Zandrivierspoort Project||Iron Ore||Feasibility||R 0.00|
|Beeshoek Project||Industrial||Dormant||R 0.00|
Kumba Iron Ore strives to match its customers’ needs. This focus and the points below are some of the reasons that potential investors should consider project investment possibilities from Kumba Iron Ore:
Higher iron ore grades are necessary for the automotive and construction markets, as well as other demanding, specialised infrastructures. This bodes well for Kumba Iron Ore. Its export sales to China accounted for 61% of the company’s total exports. The rest of Asia accounted for 19% and the export figure to Europe was 12% for financial year 2017.
A member of the LSE-listed Anglo American, Kumba Iron Ore exports to China, Japan, Korea, India and numerous European and Middle Eastern countries, among others. The company is a leading value-adding supplier of high quality iron ore, with mining operations concentrated in South Africa’s Northern Cape and Limpopo Provinces.
Initially listed on the Johannesburg Stock Exchange (JSE) as Kumba Resources in 2001, the company was reorganised in 2006 when coal and heavy minerals operations were spun off to create Kumba Iron Ore (heavy minerals) and Exxaro Resources (Coal). The company then listed on the JSE that same year under the name Kumba Iron Ore, with a market capitalisation of R36 billion.
The company’s production process consists of exploration, planning and building, mining, processing and blending, shipping, marketing, and selling.
As far as the shareholding in Kumba Iron Ore is concerned, Anglo American plc is the majority shareholder with a 63.4% stake, the Industrial Development Corporation of South Africa owns 13.1% and the remaining 23.5% is held by minority shareholders.
Kumba Iron Ore, in turn, owns a 73.9% interest in Sishen Iron Ore Company Pty (Ltd) (SIOC). The remaining 26.1% is held by 3 entities, broad-based black economic empowerment (BBBEE) shareholders – Exxaro Resources (19.98%), the SIOC Community Development Trust (3%) and Envision, an employee share participation scheme (3.1%).
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Located near the town of Kathu in the Northern Cape, Sishen is one of the largest open pit mines in the world – about 14 kilometres long. It is Kumba Iron Ore’s flagship operation and has sufficient reserves to sustain a 19-year life of mine.
Mining is conducted by opencast methods, with the bulk of Kumba Iron Ore’s production comes from this mine, the majority of which is exported. Sishen produces iron ore products to meet different specifications, according to customers’ specific requirements.
The outskirts of Postmasburg in the Northern Cape is home to Kolomela Mine, Kumba Iron Ore’s newest mining operation. The name Kolomela means “to dig deeper” or “to persevere”, which is understandable as its life of mine is 25 years .
The following Kumba Iron Ore contact details available on AMIQ may prove useful for investors and suppliers
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