To view the PDF file, sign up for a MySharenet subscription.

KUMBA IRON ORE LIMITED - Iron Ore Export Channel reopened

Release Date: 10/12/2018 08:00
Code(s): KIO     PDF:  
Wrap Text
Iron Ore Export Channel reopened

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba” or “the Company”)

Iron Ore Export Channel reopened

Kumba is pleased to announce that the Iron Ore Export Channel (IOEC) was reopened by
Transnet on 7 December 2018, two days earlier than expected, and that operations on the
rail line have resumed.

Transnet has informed Kumba that the newly constructed temporary bridge passed all
technical assessments and that the IOEC line is now open for business. Tests were first
carried out on an empty train on Friday, 7 December, followed by a heavy-laden train the
same day.

Kumba’s CEO, Themba Mkhwanazi commended Transnet on their swift response, which
ensured that the IOEC line was restored earlier than planned.

Kumba’s expectation of meeting the lower end of its 2018 guidance, as announced on 24
July 2018 within the Company’s reviewed interim results, is unchanged. Kumba’s 2018
guidance is 43-44 Mt for total production and 42-44 Mt for total sales.

Shareholders are referred to the SENS announcement issued on 30 November 2018 relating
to the disruption of the IOEC due to railway bridge damage.

Centurion
10 December 2018
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Company Secretary
Celeste Appollis
celeste.appollis@angloamerican.com
Tel: +27 683 7063
Mobile: +27 82 941 7535

Investors                                         Media
Penny Himlok                                      Sinah Phochana
penny.himlok@angloamerican.com                    sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                              Tel: +27 12 683 7019
Mobile: +27 82 781 1888                           Mobile: +27 76 066 0655

Notes to editors:
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 in a range of geographical locations around the globe including China, Japan,
Korea and a number of countries in Europe and the Middle East.
www.angloamericankumba.com
Notes to editors:
Anglo American is a global diversified mining business and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class competitive
mining operations and undeveloped resources provides the metals and minerals to meet the
growing consumer-driven demands of the world’s developed and maturing economies. With
our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and mine, process, move and market our products to
our customers around the world.

As a responsible miner – of diamonds (through De Beers), copper, platinum and other
precious metals, iron ore, coal and nickel – we are the custodians of what are precious natural
resources. We work together with our key partners and stakeholders to unlock the sustainable
value that those resources represent for our shareholders, the communities and countries in
which we operate and for society at large. Anglo American is re-imagining mining to improve
people’s lives.
www.angloamerican.com

               

Date: 10/12/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story