Kumba Iron Ore was formed in November 2006 when the iron ore assets of Kumba Resources Limited were unbundled and listed separately on the Johannesburg Securities Exchange (JSE). It is a fully empowered company in terms of the 2014 equity ownership requirements set out in the South African Mining Charter. Shareholders include Anglo American (65.2%), the Industrial Development Corporation (12.9%), and minorities (21.9%).
Historic highlights are:
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1932: Iscor’s first mine, Thabazimbi mine, was established in the Limpopo Province and supplies iron ore to the Pretoria Works steel plant.
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1954: Sishen mine was established in the Northern Cape Province.
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1976: South African Government invested in infrastructure to enable export of iron ore from Sishen mine via the Sishen-Saldanha rail link and port facility.
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1989: Iscor was privatised.
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2001: Unbundled into two separately listed mining and steel companies, namely Kumba Resources and Iscor.
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2006: Unbundling of Kumba Resources' iron ore assets and the relisting of Exxaro and Kumba Iron Ore.
