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Kumba Iron Ore Limited production and sales report for the quarter ended 30 June 2017

20 July, 2017

Kumba Iron Ore Limited (“Kumba”) today released its production and sales report for the quarter ended 30 June 2017. 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 up 38% to 7.9Mt due to improved mining productivity.
Export sales up 8% to 9.4Mt on the back of a 28% increase in total production.

Production summary
'000 tonnes	Quarter ended		% change	Quarter	% change
'000 tonnes	Q2 2017	Q2 2016	vs Q2 2016	ended Q1 2017	vs Q1 2017
Total	11,382	8,864	28	10,473	9
- Sishen mine	7,872	5,700	38	7,679	3
DMS plant	4,909	3,395	37	4,795	2
Jig plant	2,963	2,305	40	2,884	3
- Kolomela mine	3,510	3,164	11	2,794	26

Sales summary
'000 tonnes	Quarter ended		% change	Quarter	% change
'000 tonnes	Q2 2017	Q2 2016	Q4 2016 vs Q4 2015	Q3 2016	Q4 2016 vs Q3 2016
Total	10,348	9,666	7	10,886	(5)
- Export sales	9,423	8,730	8	10,053	(6)
- Domestic sales	925	936	(1)	833	11
Sishen mine	925	699	32	833	11
Thabazimbi mine	-	237	(100)	-	-

Sishen production increased by 38% to 7.9Mt due to improved mining productivity as a result of fleet efficiencies and higher plant yields. Waste removal increased by 38% to 42.7Mt, compared to 31.1Mt in Q2 2016 (H1 2017: 76.6Mt). Sishen’s solid and consistent performance and ongoing improvements since the restructuring have resulted in guidance being revised. Sishen is expected to produce between 28-29Mt of iron ore in 2017 and 155-165Mt of waste.

Kolomela production increased to 3.5Mt, up 11% compared to Q2 2016, due to productivity improvements. Waste mined increased by 22% to 15.3Mt through ongoing improvements in operational efficiency. Kolomela is on track to meet full year production and waste guidance for 2017 of 13-14Mt and 50-55Mt respectively.

Export sales increased by 8% to 9.4Mt compared to Q2 2016. Total finished product stocks were 4.4Mt, compared to 3.5Mt at year end. Sales volumes were delayed to H2 due to unfavourable weather at Saldanha port. Full year sales guidance has been increased to 41-43Mt.

Download the Kumba Iron Ore Limited production and sales report for the quarter ended 30 June 2017

For further information, please contact:

Media	Investors
Yvonne Mfolo	Anne Dunn
[email protected]	[email protected]
Tel: +27 12 683 7067	Mobile: +27 82 448 2684
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 and Kolomela mines in the Northern Cape 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

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 to our customers around the world.

As a responsible miner - of diamonds (through De Beers), platinum and other precious metals, copper, nickel, iron ore and coal - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate – creating sustainable value and making a real difference.

www.angloamerican.com

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