 | |
| Type | Public |
|---|---|
| JSE: KIO | |
| Industry | Mining |
| Headquarters | Centurion, Gauteng (City of Tshwane Metropolitan Municipality), South Africa |
Key people | Mpumi Zikalala (CEO), Bothwell Mazarura (CFO), Vijay Kumar (COO) [1] |
| Products | Iron Ore |
| Revenue | R 80.1 billion (2020) [2] [3] |
| R 20.7 billion (2020) [2] [3] | |
Number of employees | 14,040 (2014) [4] |
| Website | www |
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. [5] [6]
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. [7]
Kumba Iron Ore Ltd. listed on the JSE in November 2006 with a market capitalization of R36 billion. [8]
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. [9]
Sishen Mine is situated in Kathu in the Northern Cape Province. It is one of the largest open pit mines in the world [10] 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. [11] 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. [12]
Located close to Thabazimbi in the Limpopo Province, mining operations started in 1931. [13] 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. [14] However, in February 2015, Kumba announced that the Thabazimbi mine was no longer economically viable. [15]
Kolomela mine is located at Postmasburg in the Northern Cape Province. Mining operations started in 2011, [16] and the company has reported a 25-year mine lifespan. [17] [18] 2019 iron ore production: 13.2 MT.
In 2010, Kumba Iron Ore started legal proceedings against Imperial Crown Trading 289 [19] 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. [20] This led to the assets reverting to the State, which then awarded the licence to a previously unknown company, Imperial Crown Trading 289. [21] [22]
Shareholders of Kumba Iron Ore are:
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). [24]
| Dec 2018 | Dec 2019 | Dec 2020 |
|---|---|---|
| 960 | 1,000 | 910 |
Kathu is a town in South Africa, and the iron ore capital of the Northern Cape province. Its name means "town under the trees", after the Camel Thorn forest it is situated in. The phrase "the town under the trees" was coined by an engineer working in the town in the early-1990s as part of a tourist marketing drive, together with the accompanying graphic. It was intended to be a marketing slogan. The meaning of the word "Kathu" has anecdotically been attributed to a porridge brewed by the local population from the powder found in the pods of the Camel Thorn trees.
Anglo American plc is a British listed multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
Thabazimbi is an iron mining town in the Limpopo province of South Africa. The town is at the feet of the Ysterberg and is surrounded by the Witfonteinrand and Boshofberg with the majestic Kransberg in the background. The name Thabazimbi means mountain of iron because of the large iron ore reef that was discovered in 1919 by J. H. Williams. The mine boasts one of the largest mining shafts in Africa. More than 2 million tons of ore are mined every year and hauled by train to Mittal's iron and steel works. The railway line from Rustenburg reached the area in the 1930s and full scale iron and steel production began. The town was proclaimed in 1953. Kumba Iron Ore, previously Kumba Resources, is now the principal operator of the iron ore mine.
Saldanha Steel was a South African steel company originally formed as a partnership between Iscor Limited and the Industrial Development Corporation (IDC). Saldanha Steel is now part of ArcelorMittal South Africa, which in turn is part of global steel company ArcelorMittal.
ArcelorMittal South Africa is part of the steel company Arcelor-Mittal. The company was originally Iscor Ltd., a South African parastatal steel company. It was founded in 1928 and was first listed on the JSE Securities Exchange in 1989.
ArcelorMittal Kryvyi Rih (former Kryvorizhstal is Ukraine's largest integrated steel company, founded in 1934 and located in Kryvyi Rih, in central Ukraine.
Concor Holdings (Proprietary) Limited. is a South African construction and mining services company. It is active throughout Southern Africa, involved in mining, civil engineering, building and road projects. Concor returned as an independent brand in late 2016.
Severstal is a Russian company mainly operating in the steel and mining industry, headquartered in Cherepovets. Severstal is listed on the Moscow Exchange and LSE and is the largest steel company in Russia. The company is majority-owned and controlled by billionaire Alexey Mordashov.
Québec Cartier Mining Company was one of the leading producers of iron ore products in North America, now part of ArcelorMittal.
Iron ore production in Africa is dominated by South Africa, Mauritania and Algeria. Many countries possess iron ore deposits that are as yet untapped/unmined. Countries and companies currently involved in production are listed here; measurements are in tonnes per annum(year).
Cleveland-Cliffs Inc., formerly Cliffs Natural Resources, is a Cleveland, Ohio-based company that specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. It is the largest flat-rolled steel producer in North America.
The Liberian-American-Swedish Mining Company (LAMCO) is a defunct Liberian corporation that mined for iron ore in the Nimba range in Liberia during the second half of the twentieth century. Founded in 1955 by American and Swedish investors, the company established the first large-scale mining operation in Liberia following the discovery in the 1950s of the Nimba ore body by geologist Sandy Clarke.
Postmasburg is a town in the Northern Cape province of South Africa.
The Mary River Mine is an open pit iron ore mine on Inuit Owned Land (IOL) operated by the Baffinland Iron Mines Corporation (BIMC), in the Mary River area of the Qikiqtaaluk Region, on Baffin Island, Nunavut, in the Canadian Arctic Archipelago. As of 2021, Mary River mine operation consists of an open-pit mine, two work camps for hundreds of workers, a tote road—from the Mary River site to Milne Inlet—and a port infrastructure at Milne Inlet. According to a 4-year study published in 2008, the Mary River Mine, with its four massive iron ore deposits of 65-70% pure iron ore was "one of the most promising undeveloped iron deposits on the planet". It was not until technological advances were in place in 2010, and the market for iron ore had dramatically increased that sizable financial backing for the high cost of development in a remote region known for its inhospitable climate, was available. The mine began operations in 2014, and the first shipment to Europe arrived in 2015. Baffinland is currently planning on expanding the mine. In February 2021, a group of Inuit hunters blockaded access to the mine for a week to protest the expansion.
Dingleton is a town in Northern Cape, South Africa.
Jowdat Waheed is a senior Canadian mining executive and Chartered Financial Analyst. Waheed worked as Chief Executive Officer of mining company Sherritt. He resigned, for personal reasons, in 2009.
The Grootegeluk Coal Mine is an open cast coal mine within the Waterberg Coalfield of the Limpopo province of South Africa. It is operated by Exxaro. The mine is 25 kilometres (16 mi) from Lephalale, and employs 2,000 people.
The Sishen mine is a large iron mine located in central South Africa in Kathu, Northern Cape. Sishen represents one of the largest iron ore reserves in South Africa and in the world having estimated reserves of 2.43 billion tonnes of ore grading 58.6% iron metal.
Northam Holdings is an independent integrated PGM producer listed on the JSE. The primary operations are centered on their three wholly owned mines, Zondereinde, Booysendal and Eland, and the additional metallurgical operations at Zondereinde including a smelter and base metals removal plant. Northam’s three main products mined are platinum, palladium and rhodium and are consumed by industries such as the motor manufacturing, jewellery and other industrial sectors.
Fire Lake is a lake in the Côte-Nord region of Quebec, Canada. It was the location of a major open pit mining operation in the 1970s and 1980s. Operations were then suspended for twenty years, but ArcelorMittal resumed extraction in 2006.
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