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Kumba Iron Ore Limited production and sales report for the quarter ended 31 December 2016

26 Jan 2017

Kumba Iron Ore Limited ("Kumba") today released its production and sales report for the quarter ended 31 December 2016. Throughout this report, production and sales volumes referred to are 100% of Sishen Iron Ore Company Proprietary Limited ("SIOC"), and attributable to shareholders of Kumba as well as the non-controlling interests in SIOC.

Overview:

  • Sishen production for the full year of 28.4Mt, exceeding guidance target of 27Mt
  • Record full year production of 12.7 Mt achieved at Kolomela
'000 tonnes Quarter % change Quarter % change
Q4 2016 Q4 2015 Q4 2016
vs
Q4 2015
Q3 2016 Q4 2016
vs
Q3 2016
Total 11,928 10,935 9 11,760 1
- Sishen mine 8,490 7,661 11 8,349 2
DMS plant 5,379 5,124 5 5,325 1
Jig plant 3,111 2,537 23 3,024 3
- Kolomela mine 3,438 2,854 20 3,411 1
- Thabazimbi mine - 420 (100) - -
'000 tonnes Quarter % change Quarter % change
Q4 2016 Q4 2015 Q4 2016
vs
Q4 2015
Q3 2016 Q4 2016
vs
Q3 2016
Total 11,224 11,043 2 11,050 2
- Export sales 10,611 10,509 1 10,343 3
- Domestic sales 613 534 15 707 (13)
Sishen mine 613 280 119 707  (13)
Thabazimbi mine - 254 (100) - -

Sishen produced 8.5Mt up 11% on 4Q15. Run rates during the quarter were in line with the considerable improvement realised in Q3 2016 following the successful completion of its restructuring to a lower cost pit shell. Full year production was 28.4Mt exceeding the guided target of 27Mt. The higher production was attributable to improved mining productivity as well as access to low strip ratio ore and higher plant yields during the second half of the year. Waste removal, as planned, was 32% lower at 37Mt compared to 4Q15.

Kolomela production rose by 20% to 3.4Mt compared to Q4 2015, with the mine exceeding its full year target of 12Mt to 12.7Mt. The improvement in production was driven by higher levels of throughput as a result of further debottlenecking and optimization of the plant. Waste mined was 59% higher than the corresponding period in 2015 at 15.4Mt in line with higher production levels.

Export sales increased marginally compared to both 3Q16 and 4Q15 to 10.6Mt. Total finished product stocks were 3.5Mt, compared to 3.1Mt at 30 September 2016.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Nerina Bodasing
Nerina.bodasing@angloamerican.com
Tel: +27 12 622 8324
Mobile: +27 82 940 7505

Yvonne Mfolo
yvonne.mfolo2@angloamerican.com
Tel: +27 12 683 7067
Mobile: +27 83 469 4566

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 mine and its new Kolomela mine in the Northern Cape Province, and at Thabazimbi mine in the Limpopo 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.

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