.
Close
About us
Read more
Our Business
Read more
Careers
Read more
Origins
Read more
Products
Read more
Sustainability
Read more
Investors
Read more
Main Content

Kumba Interim Results for the six months ended June 2016

26 July, 2016

Kumba Iron Ore Limited Reviewed interim results for the six months ended 30 June 2016

Key features

  • Regrettably, two fatalities
  • Financial performance underpinned by strong cash generation
  • Cash breakeven price within targeted range at $34/t
  • Substantial R3.1 billion reduction in controllable costs
  • Balance sheet strengthened to net cash position of R548 million
  • Restructuring of Sishen completed successfully
  • Production reduced by 21% to 17.8 Mt consistent with revised Sishen mine plan
  • HEPS of R3 billion, R9.41 per share, up 20%

View full PDF of this press release (998KB, opens in a new window)

For further information, please contact:

Media
Nikki Wetzlar
Manager: Corporate Communication
E: [email protected]
D: +27 (0)12 683 7019
M: +27 (0)82 561 7407

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, 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 globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. 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 diamonds (through De Beers) to platinum and other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those 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.

www.angloamerican.com