Kumba Q3 output up 37% y/y
JOHANNESBURG (miningweekly.com) – Kumba Iron Ore lifted its output by 37% year-on-year and 13% quarter-on-quarter to 13-million tonnes in the quarter ended September 30.
The Sishen mine produced 9.3-million tonnes of iron-ore in the quarter – up 44% on that produced in the third quarter of 2013 and 11% higher than that produced in the quarter ended June 30.
Kumba noted on Thursday that the mine was on track to produce 35-million tonnes of iron-ore for the 2014 full-year, before increasing to 35-million tonnes and 36-million tonnes in 2015 and 2016 respectively.
Output at the Kolomela mine increased to 3.4-million tonnes in the quarter, with full-year output expected to reach 11-million tonnes.
The Thabazimbi mine increased its output by 39% year-on-year and 85% quarter-on-quarter to 300 000 t in the third quarter.
Kumba expected its overall output for the full-year to be between 45-million and 46-million tonnes, compared with the previous guidance of between 44-million and 46-million tonnes.
Meanwhile, export sales volumes for the third quarter fell 4% year-on-year and 12% quarter-on-quarter to 9.1-million tonnes, mainly owing to the yearly Transnet rail maintenance shutdown.
Domestic sales volumes fell 14% year-on-year and 18% quarter-on-quarter to 1.1-million tonnes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation