.
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 Iron Ore Limited production and sales report for the quarter ended 30 June 2014

17 July, 2014

Kumba Iron Ore Limited ("Kumba") today released its production and sales report for the quarter ended 30 June 2014. 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 increased by 2% compared to Q2 2013 and by 1% compared to the previous quarter to 11.5 Mt, as Kolomela mine’s production was 14% higher than Q2 2013 and 17% higher than the previous quarter.
  • Export sales volumes increased by 1% compared to Q2 2013 and by 9% compared to the previous quarter to 10.3 Mt.
  • Domestic sales volumes increased by 21% compared to Q2 2013 to 1.4 Mt due to increased off-take by ArcelorMittal South Africa Limited (“ArcelorMittal S.A.”).
Unaudited production summary
‘000 tonnes Quarter
% change Quarter %
change
% change
Q2 2014 Q2 2013 Q2 2014
vs
Q2 2013
Q1 2014 Q2 2014
vs
Q1 2014
1H14 1H13 1H14
vs
1H13
Total 11,465 11,278 2 11,328 1 22,793 21, 613 5
- Sishen Mine 8,337 8,562 (3) 8,658 (4) 16,995 16, 114 5
DMS plant 5,239 5,829 (10) 5,744 (9) 10,983 10, 717 2
Jig plant 3,098 2,733 13 2,914 6 6,012 5, 397 11
- Kolomela mine 2,948 2,584 14 2,513 17 5,461 5, 264 4
- Thabazimbi Mine 180 132 36 157 15 337 235 43
Unaudited sales summary
‘000 tonnes Quarter
%
change
Quarter
%
change
% change
Q2 2014 Q2 2013 Q2 2014
vs
Q2 2013
Q1 2014 Q2 2014
vs
Q1 2014
1H14 1H13 1H14
vs
1H13
Total 11,661 11,310 3 10,838 8 22,499 22, 137 2
- Export sales 10,287 10,178 1 9,423 9 19,710 20, 123 (2)
- Domestic sales 1,374 1,132 21 1,415 (3) 2,789 2, 014 38
Sishen mine 1,203 960 25 1,281 (6) 2,484 1, 711 45
Thabazimbi mine 171 172 (1) 134 28 305 303 1

Sishen’s pit continued to be mined according to the production recovery plan during the quarter. The mine’s production was 8.3 Mt for the quarter, a decrease of 3% compared to Q2 2013 and 4% compared to the previous quarter. Sishen mine remains on track to produce ~35Mt in 2014. Unseasonal rainfall during May 2014 slightly hampered waste pre-stripping operations. Waste removal, however, increased by 8% compared to Q2 2013 and by 24% compared to the previous quarter. Waste mining plans for the second half of the year were completed and are being executed, which includes continuous ramp-up and fleet efficiency improvements, to recover the waste shortfall.

Kolomela mine continued to perform strongly, producing 2.9 Mt for the quarter, and is on track to produce ~10Mt in 2014.

Production at Thabazimbi mine increased by 36% compared to Q2 2013 and by 15% compared to the previous quarter to 0.2 Mt.

Export sales volumes increased by 1% compared to Q2 2013 and by 9% compared to the previous quarter to 10.3 Mt.

Domestic sales volumes of 1.4 Mt increased by 21% compared to Q2 2013 due to increased off-take by ArcelorMittal S.A., but decreased by 3% compared to the previous quarter.

Total finished product stocks were 3.6 Mt as at 30 June 2014, 30 June 2013 and 31 March 2014.