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Kumba aiming to achieve ‘whole new way of mining’ through new initiative

By: Dylan Slater     2nd June 2017 Anglo American’s Kumba Iron Ore business is embarking on modernisation using its FutureSmart Mining programme, which is aimed at bringing its overall mining business in line with new innovations and technology to mine safer and more efficiently.  

Kumba boss calls for end to mining industry’s current operating model

By: Dylan Slater     26th May 2017 Themba Mkhwanazi, CEO of diversified miner Anglo American’s Kumba Iron Ore sibsidiary, believes that a paradigm shift is needed to upend the current mining industry’s reliance on a generalised operating model that is rapidly becoming outdated and will ultimately lead to the demise of the ind 

CompCom approves AMSA’s buyout of Thabazimbi mine

By: Megan van Wyngaardt     25th May 2017 The Competition Commission has recommended the Competition Tribunal approve ArcelorMittal South Africa’s (AMSA’s) proposed acquisition of the Thabazimbi mine, in Limpopo. Kumba Iron Ore in February agreed to transfer the mine to AMSA. Until 2014, the mine was a captive mine owned and run by Kumba... 

NUM to begin wage negotiations with Kumba Iron Ore

By: African News Agency      24th May 2017 The National Union of Mineworkers (NUM) said on Tuesday, it will this week start wage negotiations with Kumba Iron Ore as the three-year agreement comes to an end on June 30. The NUM said it will table the demands of its members in Kumba Iron Ore operations in the Northern Cape, in Kolomela and... 

South Africa’s newest iron-ore mine comes on stream

By: Ilan Solomons     12th May 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

Export iron-ore prices boost Kumba’s interim earnings

By: Megan van Wyngaardt     11th May 2017 Kumba Iron Ore expects its headline earnings and basic earnings for the six months to June 30, to be at least R602-million, or 20%, higher than the R3-billion it reported for the six months to June 30, 2016. The company said in a statement on Thursday that the higher earnings were as a result of... 

Junior iron-ore miner outlines ambitious aims, supports local steel production

By: Ilan Solomons     26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

Mining company to begin mediation talks with Northern Cape community

By: News24Wire      25th April 2017 Kumba Iron Ore representatives are expected to enter into mediation talks with the Dingleton community this week in a bid to resolve a dispute over land in the area. Kumba wants to relocate the entire town of Dingleton in the Northern Cape to a town 25 km away, GroundUp reported. 

Anglo American achieves strong Q1 operational performance

By: Megan van Wyngaardt     24th April 2017 Diversified major Anglo American, led by CEO Mark Cutifani, posted a strong operational performance in the quarter ended March 31, with higher output achieved for most of its products, except copper and nickel. South African coal production increased 9% to five-million tonnes in the first quarter... 

Improved mine productivity drives Sishen's Q1 production up 31%

By: Anine Kilian     24th April 2017 Improved mining productivity contributed to a 31% year-on-year increase in the Sishen mine’s output for the quarter ended March 31, to 7.7-million tonnes. “Production, however, decreased 10% [year-on-year] as the fourth quarter of 2016 benefitted from greater access to low strip ratio ore. Waste... 

Unions back Seriti's purchase of Anglo coal mines

By: Martin Creamer     11th April 2017 Two labour unions on Tuesday publicly backed the sale by Anglo American of coal assets to Seriti, the new black-owned start-up with aspirations to be South Africa’s next mining champion. Both the National Union of Mineworkers (NUM) and the Solidarity union put out statements welcoming the... 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag 

By: Martin Creamer     10th April 2017 A new aspirant South African mining champion on Monday announced its intention to purchase Anglo American’s Eskom-tied domestic thermal coal operations in South Africa, which would position the majority black-owned start-up as the potential second-largest provider of coal to the State electricity... 

Iron-ore mine builds 1 000-person changehouse at mine

By: Nadine James     31st March 2017 Prefabricated accommodation specialist Speedspace is expected to complete the construction of  a 1 000-person change house for Kumba Iron Ore’s Kolomela project, in Postmasburg, in the Northern Cape, on schedule. As of March 14, the project was on track for completion by the end of March, barring... 

Anglo says South Africa reorganisation adds sale flexibility

By: Bloomberg     22nd March 2017 Anglo American said its decision to split some South African assets into a different subsidiary gives it the “flexibility” to dispose of its iron ore and export thermal coal assets should it decide to do so. The split, which was partly announced in February without reasons being given, means that... 

Mining deaths up 31% since January

By: Ilan Solomons     17th March 2017 South African Colliery Management Association (Sacma) president Kevern Mattison has called for a “revolutionary step change” to achieve the mining industry’s goal of achieving ‘zero harm’. He highlighted that the local mining industry had to become “sexy, attractive and funky” to ensure that this... 

South Africa Inc must force government to repair damage its ineptitude is causing

By: Martin Creamer     17th March 2017 South Africa’s economic growth remains inadequate to drive the changes required for the country’s socioeconomic challenges and the continued delay in the promulgation of key minerals legislation is deterring the investment required to make South Africa’s mining industry fire on all cylinders.... 

Coal industry expresses concern over fatalities

By: Ilan Solomons     9th March 2017 South African Colliery Management Association (Sacma) president Kevern Mattison has called for a “revolutionary step change” to achieve the mining industry’s goal of achieving ‘zero harm’. The plea came as Department of Mineral Resources (DMR) acting chief inspector of mines Mthokozisi Zondi on... 

Resources Watch  

     23rd February 2017 Gold Fields set for ‘year of reinvestment’, announces R2.28bn South Deep growth plan; DRDGold spends R26m in six months on environmental restoration; And, Kumba applying exploration-to-beneficiation technology 

Kumba applying exploration-to-beneficiation technology 

By: Martin Creamer     14th February 2017 South Africa’s biggest iron-ore mining company Kumba Iron Ore intends maximising the return potential of its assets through productivity initiatives, accompanied by ongoing robust cost management. It intends ensuring disciplined capital allocation, prioritising the reinstatement of dividend... 

Kumba lifts output, slashes costs, pumps cash, CFO quits

By: Martin Creamer     14th February 2017 South Africa’s biggest iron-ore mining company Kumba Iron Ore beat production guidance, slashed costs and pumped cash – but what was a successful 12 months to December 31 last year, was marred by two fatalities. Controlling shareholder Anglo American said in a separate statement that it would... 

Thabazimbi mine to be transferred to AMSA

By: Anine Kilian     9th February 2017 Kumba Iron Ore has agreed to transfer its Thabazimbi mine, in Limpopo, to ArcelorMittal South Africa (AMSA). Until 2014, the mine was a captive mine owned and run by Kumba subsidiary Sishen Iron Ore Company (SIOC), but was funded by and supplied ore exclusively to AMSA. AMSA is, therefore,... 

A fillip for iron-ore, but is it sustainable?

By: Kim Cloete     8th February 2017 The past year has been a volatile but positive one for iron-ore, with higher prices helped by a burst of demand from China. Panelists at the Investing in African Mining Indaba, being held in Cape Town, this week, agreed that there was still great uncertainty in the iron-ore market, with Macquarie... 

Cutifani encourages mining sector to focus on constructive dialogue

By: Kim Cloete     6th February 2017 Anglo American CE Mark Cutifani has advocated a new future for mining, through innovation, a sharper focus on resilience and, in South Africa in particular, a recognition that “capital has no colour”. He told delegates at the annual Investing in African Mining Indaba conference, in Cape Town,... 

Kumba reaches R2.5bn settlement with Sars

By: Natasha Odendaal     3rd February 2017 The share price of JSE-listed Kumba Iron Ore fell by more than 6% on Friday morning after it announced that it would fork out R2.5-billion to settle a tax dispute with the South African Revenue Service (Sars). The group on Friday said it had reached an agreement with Sars that would see it settle... 

Kumba delivers strong full-year production

By: Natasha Odendaal     26th January 2017 JSE-listed Kumba Iron Ore’s performance in the final quarter of the year to December 31 resulted in full-year output exceeding guidance at its Sishen operation and record full-year production at the Kolomela mine. Kumba’s Sishen Iron Ore Company achieved full-year production of 28.4-million... 

Kumba earnings soaring on higher iron-ore prices

By: Martin Creamer     25th January 2017 The earnings of Kumba Iron Ore, the Anglo American iron-ore mining company up for sale, are soaring on higher export prices – but whether or not its rocketing performance will dissuade Anglo from disposing of the asset remains to be seen. The JSE-listed company, headed by new CEO Themba... 

Anglo confronts messy divorce in miner’s South Africa birthplace

By: Bloomberg     8th December 2016 In 1917, Ernest Oppenheimer met with South African general and soon-to-be Prime Minister Jan Smuts to seek his blessing for a new mining company called Anglo American. Smuts wanted one assurance, the company was there for the long haul. Anglo, along with its sister company De Beers, made... 

Kumba ranked carbon disclosure leader

By: Megan van Wyngaardt     5th December 2016 Kumba Iron Ore, a business unit of Anglo American, has been named one of the carbon disclosure leaders for 2016 by Engaged Tracking (ET) Index Research – the only company from the Brazil, Russia, India, China and South Africa grouping on the list. In its yearly ‘ET Carbon Rankings’, released on... 

Operational improvements continue across Anglo portfolio

By: Martin Creamer     25th October 2016 Operational improvements continue across the portfolio of Anglo American, which delivered an overall superior production performance in the three months to end September. On a copper equivalent basis, the London- and Johannesburg-listed diversified mining company beat previous third-quarter... 

Anglo’s top shareholder wants more South African control

By: Bloomberg     6th October 2016 Anglo American’s biggest shareholder wants South African investors to follow its lead and increase their holdings in the century-old miner as it pushes for the creation of a domestic commodities “champion.” “Our role is to make Anglo more South African-owned and controlled,” Public Investment... 

Supply, demand fundamentals remain challenging – Kumba Iron Ore 

By: Martin Creamer     26th July 2016 While iron-ore prices seem to have stabilised, supply and demand fundamentals remain challenging, outgoing Kumba Iron Ore CEO Norman Mbazima said on Tuesday. Speaking at the Anglo American group company's presentation of interim results for the six months to June 30, Mbazima said that the global... 

Ndlovu to head Anglo coal

By: Martin Creamer     26th July 2016 Anglo American Platinum (Amplats) operational processing executive head July Ndlovu has been appointed CEO of Anglo American’s coal business in South Africa. This follows the appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore, following Norman Mbazima’s decision to step down after four... 

Kumba Iron Ore changes guard

By: Martin Creamer     26th July 2016 Anglo American company Kumba Iron Ore on Tuesday announced the appointment of Themba Mkhwanazi as CEO with effect from September 1, following Norman Mbazima’s decision to step down after four years to focus on his role as deputy chairperson of Anglo American South Africa. Mbazima will remain a... 

Expos still valuable in a difficult market

By: Robyn Wilkinson     22nd July 2016 Industry expos remain an important platform for forging business connections, showcasing technology and discussing solutions to the challenges currently facing companies in the iron-ore sector, says exhibition organiser Mining & Technical Exhibitions (MTE) operations manager Andrew Macnamara.  

Proven proficiency benefits operations

By: Robyn Wilkinson     22nd July 2016 Globally, low commodities prices are putting pressure on mining companies to ensure that all aspects of their operations are performed at the highest standard possible, including the proficiency of their laboratories, says support services provider to laboratories in the mining sector Qotho... 

Kumba shares rise on higher H1 earnings expectations

     14th July 2016 JSE-listed Kumba Iron Ore’s share price on the JSE rose by as much as 6.67% on Thursday morning as the company reported that it expected to post higher earnings for the six months ended June 30. Kumba expected to report headline earnings of between R2.88-billion and R3.09-billion for the six... 

Mining still a key pillar of SA economy despite weak commodity prices

By: Dylan Slater     10th June 2016 With an estimated $2.5-trillion worth of proven mineral reserves, South Africa’s mining sector remains a major player in the country’s economy, despite weak commodity prices, making a direct contribution of around 8% to gross domestic product and providing 14% of total employment, according to... 

Ukwazi

     20th May 2016 Independent mining adviser Ukwazi strongly believes in following transparent and compliant mine planning processes by applying specialist teams that are focused on specific mining methods and commodities. “We follow outcome-driven project management principles and supply specialist technical... 

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