Kumba Iron Ore: Operational guidance and Anglo American investor update
10 December, 2019
Kumba refers shareholders to the Anglo American plc (“Anglo American”) briefing today for investors and analysts which includes Kumba’s updated production guidance for the next three years.
The production guidance has been reduced from the previous announcement released by Kumba on 12 November 2019. This follows an assessment of the impact on production from reduced domestic offtake volumes due to the winding down of ArcelorMittal SA Limited’s Saldanha Steel operations. The volume guidance is on a dry basis and is subject to rail and port performance.
Total production (Mt) guidance
2019F: 42-43 (unchanged)
2020F: 42-43 (previously 43-44)
2021F: 42-43 (previously 43-44)
2022F: 42-43 (previously 43-44)
The cost guidance is as follows:
Unit cost (FOB$/t) guidance
2019F: ~33
2020F: ~36
The update will available at 11:00 UK time / 13:00 SA time on the Anglo American website: https://www.angloamerican.com/investors/investor-presentations/2019.aspx.
This announcement contains forward-looking statements which are based on the Company’s current beliefs and expectations about future events. The operational and financial forecasts provided in this announcement are estimates and have not been reviewed and reported on by the Company’s external auditors.
Centurion
10 December 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)