Kumba Iron Ore
{{Use dmy dates|date=February 2022}}
{{Infobox company
| name = Kumba Iron Ore
| logo = Anglo_American_Kumba_Logo.gif
| type = Public
| traded_as = {{JSE|KIO}}
| location = Centurion, Gauteng (City of Tshwane Metropolitan Municipality), South Africa
| area_served =
| key_people = Mpumi Zikalala (CEO), Bothwell Mazarura (CFO), Vijay Kumar (COO){{cite web |title=Executive committee |url=https://www.angloamericankumba.com/about-us/leadership-team/executive-committee |website=angloamericankumba.com |access-date=30 March 2021 |language=en}}
| industry = Mining
| products = Iron Ore
| revenue = R 80.1 billion (2020){{cite web |title=Kumba Iron Ore's annual results for the twelve months ended 31 December 2020 |url=https://www.angloamericankumba.com/media/press-releases/2021/23-02-2021 |website=angloamericankumba.com |access-date=30 March 2021 |language=en}}{{cite web |title=AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 |url=https://www.angloamericankumba.com/~/media/Files/A/Anglo-American-Group/Kumba/investors/financial-results-centre/annual-results-2020-booklet.pdf |website=Angloamerican Kumba |publisher=Kumba Iron Ore Limited |access-date=30 March 2021}}
| net_income = R 20.7 billion (2020)
| num_employees = 14,040 (2014){{Cite web|url=http://www.angloamericankumba.com/~/media/Files/A/Anglo-American-Kumba/documents/integrated-report-2014.pdf |title=Integrated Report 2014 |publisher=angloamericankumba.com |accessdate=19 August 2015}}
| homepage = {{url|www.angloamericankumba.com}}
}}
Kumba Iron Ore is an iron-ore mining company in South Africa. It is the fifth largest iron-ore producer in the world and the largest in Africa.{{cite web
|url=http://www.mbendi.com/orgs/cqwc.htm
|title=An MBendi Profile – Organisation: Exxaro Resources Limited
|accessdate=2009-04-02
|archive-date=24 October 2004
|archive-url=https://web.archive.org/web/20041024004738/http://www.mbendi.com/orgs/cqwc.htm
|url-status=dead
{{Cite news
| url = http://uk.reuters.com/article/idUKTRE56912G20090710?sp=true
| archive-url = https://archive.today/20130201065445/http://uk.reuters.com/article/idUKTRE56912G20090710?sp=true
| url-status = dead
| archive-date = 1 February 2013
| title = Anglo American names new chairman
| first=Eric | last=Onstad
| work = Reuters
| date = 10 July 2009
| accessdate = 1 August 2009}}
History
Kumba Iron Ore is a successor of Kumba Resources, which was listed on the Johannesburg Securities Exchange in 2001. Kumba Resources was reorganized in November 2006 when heavy minerals operations were spun off to the newly created company Kumba Iron Ore and coal to Exxaro Resources.
{{Cite news
| url = http://uk.reuters.com/article/idUKL1329909620061113
| archive-url = https://archive.today/20130201150635/http://uk.reuters.com/article/idUKL1329909620061113
| url-status = dead
| archive-date = 1 February 2013
| title = Kumba, Eyesizwe venture wins new coal rights
| work = Reuters
| date = 13 November 2006
| accessdate = 1 August 2009}}
Kumba Iron Ore Ltd. listed on the JSE in November 2006 with a market capitalization of R36 billion.{{Cite web |url=http://www.angloamerican.com/media/press-releases/2006/2009-11-20 |title=Anglo American subsidiary, Kumba Iron Ore, lists on the JSE |website=angloamerican.com |access-date=1 September 2016}}
Operations
Kumba Iron Ore owns 74% in Sishen Iron Ore Company (SIOC). Rest of SIOC is owned by Exxaro, SIOC Employee Share Participation Scheme and the SIOC Community Development Trust. Through the SIOC, Kumba Iron Ore owns Thabazimbi, Sishen and Kolomela iron ore mines.
In 2010, Kumba Iron Ore was one of the more successful divisions of Anglo American plc, continuing to pay dividends to shareholders while Anglo American and Anglo Platinum had suspended dividends in 2008.{{Cite web|url=http://www.moneyweb.co.za/archive/the-investment-case-kumba-iron-ore/|title=The Investment Case – Kumba Iron Ore|date=2010-11-23|language=en-US|access-date=2016-09-01}}
= Mining Operations =
File:Sishen Mine ZA 2008 I.jpg]]
Sishen Mine is situated in Kathu in the Northern Cape Province. It is one of the largest open pit mines in the world{{Cite web|url=http://www.mining-technology.com/features/featurethe-worlds-11-biggest-iron-ore-mines-4180663/|title=The world's biggest iron ore mines|website=Mining Technology|date=19 February 2014 |access-date=2016-09-01}} Kumba Iron Ore has reported that Sishen Mine has reserves for a 19-year life of mine. Mining methods at Sishen are opencast mining. Ore is transported to the beneficiation and jig plant.{{Cite web|url=http://www.mining-technology.com/projects/sishen-mine-northern-cape/|title=Sishen Mine, Northern Cape|website=Mining Technology|access-date=2016-09-01}} The Sishen mine jig plant is the largest of its kind in the world.
By July 2016, production had been halved and workforce cut by 31%, in response to the slump in global iron ore prices.{{Cite web|url=http://www.bdlive.co.za/business/mining/2016/07/20/kumba-iron-ore-halves-production-at-sishen-and-cuts-workforce|title=Kumba Iron Ore halves production at Sishen and cuts workforce|website=Business Day Live|access-date=2016-09-01}}
= Thabazimbi Mine =
Located close to Thabazimbi in the Limpopo Province, mining operations started in 1931.{{Cite web|url=https://mining-atlas.com/operation/Thabazimbi-Iron-Ore-Mine.php|title=Thabazimbi|website=mining-atlas.com|access-date=2016-09-01}} Mining is by opencast methods. In a deal brokered in 2013, the high-grade haematite ore produced at Thabazimbi mine would be sold only to ArcelorMittal SA, while Kumba Iron Ore managed operations.{{Cite web|url=http://mg.co.za/article/2013-11-05-kumba-arcelormittal-deal-will-revive-thabazimbi-mine|title=Kumba, ArcelorMittal deal will revive Thabazimbi mine|last=Holmes|first=Thalia|date=5 November 2013 |access-date=2016-09-01}} However, in February 2015, Kumba announced that the Thabazimbi mine was no longer economically viable.{{Cite web|url=http://www.miningweekly.com/article/kumba-could-close-sell-thabazimbi-mine-2015-02-10|title=Kumba could close, sell Thabazimbi mine|last=Wyngaardt|first=Megan van|access-date=2016-09-01}}
= Kolomela Mine =
Kolomela mine is located at Postmasburg in the Northern Cape Province. Mining operations started in 2011,{{Cite web|url=http://www.mining-technology.com/projects/kolomela-iron-ore-mine-northern-cape/kolomela-iron-ore-mine-northern-cape1.html|title=Kolomela Mine is situated near Postmasburg town in the Northern Cape Province of South Africa. - Image - Mining Technology|website=mining-technology.com|access-date=2016-09-01|archive-date=14 September 2016|archive-url=https://web.archive.org/web/20160914005017/http://www.mining-technology.com/projects/kolomela-iron-ore-mine-northern-cape/kolomela-iron-ore-mine-northern-cape1.html|url-status=dead}} and the company has reported a 25-year mine lifespan.{{Cite web|url=http://www.angloamericankumba.com/our-business/operations.aspx|title=Operations|website=angloamericankumba.com|access-date=2016-09-01}}{{Cite web|url=http://www.mining-technology.com/projects/kolomela-iron-ore-mine-northern-cape/|title=Kolomela Iron Ore Mine, Northern Cape|website=Mining Technology|access-date=2016-09-01}} 2019 iron ore production: 13.2 MT.
= Controversy =
In 2010, Kumba Iron Ore started legal proceedings against Imperial Crown Trading 289{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=111595884|title=Imperial Crown Trading 289 (Pty) Ltd.: Private Company Information - Businessweek|publisher=Bloomberg L.P.|access-date=2016-09-01}} and the Ministry of Mines for the issuance of a mining licence after ArcelorMittal SA did not complete paperwork by the due date and failed to convert their 21.4% undivided share.{{Cite web|url=http://mg.co.za/article/2011-08-18-everything-you-wanted-to-know-about-the-sishen-row|title=Everything you wanted to know about the Sishen row|author=Staff Reporters|date=18 August 2011 |access-date=2016-09-01}} This led to the assets reverting to the State, which then awarded the licence to a previously unknown company, Imperial Crown Trading 289.{{Cite web|url=http://www.miningweekly.com/article/s-africas-mines-department-reviews-controversial-issuance-of-iron-ore-right-2010-03-22|title=S Africa's mines department reviews controversial issuance of iron-ore right|last=Creamer|first=Terence|access-date=2016-09-01}}{{Cite web|url=http://www.fin24.com/Companies/Mining/Sishen-the-plot-sickens-20110119|title=Sishen: the plot sickens|access-date=2016-09-01}}
Ownership
Shareholders of Kumba Iron Ore are:
Carbon footprint
Kumba Iron Ore reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 910 Kt (-90 /-9% y-o-y).{{Cite web |title=Kumba Iron Ore's Universal Registration Document for 2020Q4 |url=https://www.angloamericankumba.com/~/media/Files/A/Anglo-American-Group/Kumba/investors/annual-reporting/integrated-report-2020/kumba-iar-full-report.pdf}} [https://analytics.exerica.com/App/Name/Kumba%20Iron%20Ore/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2020Q4/12 Alt URL]
| class="wikitable"
|+ Kumba Iron Ore's annual Total CO2e emissions (Direct + Indirect) (in kilotonnes){{Cite web |title=Kumba Iron Ore's Universal Registration Document for 2020Q4 |url=https://www.angloamericankumba.com/~/media/Files/A/Anglo-American-Group/Kumba/investors/annual-reporting/integrated-report-2020/kumba-iar-full-report.pdf}} [https://analytics.exerica.com/App/UnifiedId/0060E7304BDCACA90001DD71F70D00B98F785FA3694C07 Alt URL] | ||
| Dec 2018 | Dec 2019 | Dec 2020 |
|---|---|---|
| 960 | 1,000 | 910 |
References
{{reflist}}
External links
- [http://www.kumba.co.za/ Kumba Iron Ore]
{{Anglo American plc}}
Category:Mining companies of South Africa
Category:Iron ore mining companies
Category:Companies based in the City of Tshwane
Category:Companies listed on the Johannesburg Stock Exchange