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Kumba Iron Ore

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Kumba Iron Ore
Company typePublic
JSE: KIO
IndustryMining
HeadquartersCenturion, Gauteng, South Africa
Key people
Norman Mbazima (CEO), Frikkie Kotzee (CFO)
ProductsIron Ore
RevenueR 47,957 million (2014)
R 14,148 million (2014)
Number of employees
14,040 (2014)[1]
Websitewww.angloamericankumba.com

Kumba Iron Ore is an iron-ore mining company in South Africa. It is the fourth largest iron-ore producer in the world and the largest in Africa.[2][3]

History

Kumba Iron Ore is a successor of Kumba Resources. Kumba Resources was listed on the JSE in 2001. Kumba Resources was reorganized in November 2006 when coal and heavy minerals operations were spun off to newly created companies Kumba Iron Ore (Heavy minerals) and Exxaro Resources(Coal).[4]

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 and Sishen iron ore mines.

Ownership

Shareholders of Kumba Iron Ore are:

References

  1. ^ "Integrated Report 2014" (PDF). angloamericankumba.com. Retrieved 19 August 2015.
  2. ^ "An MBendi Profile – Organisation: Exxaro Resources Limited". Retrieved 2 April 2009.
  3. ^ Onstad, Eric (10 July 2009). "Anglo American names new chairman". Reuters. Retrieved 1 August 2009.
  4. ^ "Kumba, Eyesizwe venture wins new coal rights". Reuters. 13 November 2006. Retrieved 1 August 2009.


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