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2016 Annual Results

Kumba focuses on delivering across the value chain to the customer

Our approach

We are the custodians of our precious resources

We provide a raw material that is essential for economic development and modern life. As a responsible miner we are the custodians of this precious resource. It is vital that we work together with our stakeholders to unlock the long-term value that this resource represents to our shareholders and for the communities where we operate. We understand that attractive returns are sustainable only if we also deliver value to society.

We recognise that our people are at the heart of our business and they make it possible for us to supply our products to our customers all around the world.

Our vision

To be a successful and sustainable African supplier of quality iron ore to global and local markers while delivering superior value to our stakeholders.

OUR AMBITION

We aspire to drive shareholder returns into the top quartile of our peer group through the price cycle.

Our strategy

Our previous strategy focused on growth, underpinned by a responsible citizenship programme. Our revised strategy seeks to balance our long-term growth ambitions with clear focus on maximising value (cash generation) over volume, and driving down costs per tonne so as to safeguard our mines’ viability at lower prices.

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STRATEGIC FOCUS AREAS

  • Where to play
  • How to win
  • Key enablers

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How we measure up

We like to know if we are performing as well as we can and therefore measure ourselves against seven measures of value. These measures of value – and related key performance indicators – allow us to assess whether we are acting responsibly towards our people, our environment and our stakeholders, and whether we are acting safely and innovatively.

Safety

Safety

This is always first on our agenda – and with very good reason. We truly believe that ALL injuries are preventable and that by working together we can make safety a way of life, inside and outside the workplace.

Care and respect

Care and respect

We always treat people with respect, dignity and common courtesy – regardless of their background, lifestyle or position. And we're building trust through open, two-way communication every single day.

Integrity

Integrity

This means taking an honest, fair, ethical and transparent approach in everything we do. It’s not about being popular; it’s about always doing the right thing.

Accountability

Accountability

We take ownership of our decisions, our actions and our results. We deliver on our promises and acknowledge our mistakes. Above all we never pass blame.

Collaboration

Collaboration

No-one here is on their own. We’re one company with a joint ambition – all working together to make decisions and get things done more effectively.

Innovation

Innovation

Challenging the way things have always been done is a key priority for us. By actively developing new solutions, encouraging new ways of thinking and finding new ways of working, we’re dramatically improving business.

Real Mining. Real People. Real Difference.
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Kumba Iron Ore