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Kumba Iron Ore Limited production and sales report for the quarter ended 30 June 2015

16 July, 2015

Kumba Iron Ore Limited (“Kumba”) today released its production and sales report for the quarter ended 30 June 2015. 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:

  • Total production at 10.4 Mt decreased by 9% compared to Q2 2014 and was 15% lower compared to the previous quarter.
  • Total export sales volumes increased to 11.7 Mt, 14% higher than Q2 2014 and 2% more than the previous quarter.
‘000 tonnes Quarter % change Quarter % change
Q2 2015 Q2 2014 Q2 2015
vs
Q2 2014
Q1 2015 Q2 2015
vs
Q1 2015
Total 10,385 11,465 (9) 12,167 (15)
- Sishen mine 7,177 8,337 (14) 8,885 (19)
DMS plant 4,420 5,239 (16) 5,758 (23)
Jig plant 2,757 3,098 (11) 3,127 (12)
- Kolomela mine 2,880 2,948 (2) 2,973 (3)
- Thabazimbi mine 328 180 82 309 6
‘000 tonnes Quarter

% change

Quarter % change
Q2 2015 Q2 2014 Q2 2015
vs
Q2 2014
Q1 2015 Q2 2015
vs
Q1 2015
Total 13,081 11,661 12 12,906 1
- Export sales 11,733 10,287 14 11,472 2
- Domestic sales 1,348 1,374 (2) 1,434 6
Sishen mine 906 1,203 (25) 1,114 (19)
Thabazimbi mine 442 171 158 320 38

Sishen mine produced 7.2 Mt, a decrease of 14% compared to Q2 2014, and 19% lower compared to the previous quarter, largely due to mining feedstock constraints to the plants. Waste mined increased 22% to 58 Mt compared to Q2 2014.

Kolomela mine continued to perform strongly, producing 2.9 Mt for the quarter.

Production at Thabazimbi mine almost doubled year-on-year.

Record export sales of 11.7 Mt, an increase of 14% was achieved, due to sales of stock at Saldanha and Qingdao as inventory levels continue to be managed downward to their optimum level of ~4 Mt. In addition, reclaimer maintenance impacted prior year sales export volumes from Kolomela.

Total finished product stocks decreased to 4 Mt as at 30 June 2015 compared with 6.5 Mt at year end.

For further information, please contact:

Media Investors
Yvonne Mfolo
Tel: +27 (0)12 683 7067
Tel: +27 (0)12 622 8324
Nerina Bodasing
Mobile: +27 (0)83 469 4566
Mobile: +27 (0)82 940 7505

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 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.

www.angloamericankumba.com

Notes to editors:

Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products – from bulk commodities and base metals to precious metals and diamonds (through De Beers) – to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate – creating sustainable value and making a real difference. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com