Mining News

Kumba continues to perform well, despite rail constraints, Covid-19

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Iron-ore miner Kumba Iron Ore’s operations continued to perform well for the six months ended June 30, and production increased by 12% year-on-year, while sales increased by 3% year-on-year, reflecting the impact of rail constraints and periods of severe weather at the Saldanha Bay port. Kumba’s production increased to 20.4-million tonnes, driven by good ex-pit ore and plant performance, while sales increased to 19.5-million tonnes, on the back of a 5% increase in export sales to 19.4-million tonnes, partly offset by a 300 000 t decrease in domestic off-take to 100 000 t.

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