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OUR APPROACH TO MINING
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About us
LOGISTICS - A CRITICAL LINK
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The Difference Makers
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THE JOURNEYS OF IRON ORE
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IRON ORE
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SUSTAINABLE DEVELOPMENT REPORT 2018
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2019 Annual Results
Annual Results 2019 overview
Main Content

Disciplined growth for a sustainable future

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We produce a high-grade iron ore that is one of the minerals that society needs to develop and prosper. Iron ore is the key component in steel, the most widely used of all metals.

Our production process consists of: exploration; planning and building; mining; processing and blending; shipping; marketing and selling.

We employ some
6,126
PERMANENT PEOPLE (excluding contractors and learnerships)
In 2019, we produced
42.4 Mt
OF IRON ORE
In 2019, EBITDA increased
52%
to R33.4 billion
In 2019, we generated revenue of close to
R64.3 bn
We are listed on the
JSE LIMITED

Our purpose and strategy

Kumba re-imagines mining to improve people's lives. We are a leading supplier of premium quality Iron Ore to the global steel industry that is focused on creating and sharing value with our stakeholders. Kumba exists to make a meaningful difference for everyone whose lives we touch. We mine materials that make modern life possible, in ways that a safer, smarter and more responsible.

To deliver on our strategic vision and ambition, we are focusing our actions on what we can control to make Kumba more competitive and sustainable within the context of the volatile, price sensitive environment that is possible. Our strategy is structured around three key focus areas: ‘where’ we want to do business; ‘how’ we set ourselves up to win in a volatile environment; and what ‘enablers’ need to be in place to successfully implement the strategy.

Three transformation horizons

Our business model

Our business model

Kumba is a leading reliable supplier of high quality iron ore to the global steel industry.

Our company exists to create and share value with our stakeholders and make a meaningful difference for everyone whose lives we touch. We mine premium quality iron ore which gives us the competitive edge and make modern life possible, in ways that are safer, smarter and more responsible.

Download our business model

Materials risks and opportunities

In the context of continuing volatility in the iron ore market, Kumba has continued to adapt and implement initiatives that have significantly mitigated risk exposure and enabled the Company to take advantage of available opportunities to create sustainable value for all stakeholders.

Creating value for our stakeholders

Creating value for our stakeholders

We are a leading supplier of high-quality iron ore to the global steel industry that is focused on creating and sharing value for a range of stakeholders.

Ensuring proactive engagement with our key stakeholders, and being held to account by them on our performance and disclosure, assists us in delivering on our strategic focus areas.

Learn more about creating value for stakeholders
 Employees
R4.6bn
Salaries and benefits
FY17: R4.2bn
 Shareholders
R9.7bn
Owners of Kumba
FY17: R10bn
R3bn
Empowerment partners
FY17: R3.1bn
 Government
R4.1bn
Income tax
FY17: R5.9bn
R983m
Mineral royalty
FY17: R1.2bn
 Local business
R1.4bn
Host community suppliers
FY17: R520m
R11.8bn
Procurement from BEE businesses
FY17: R9.4bn
 Communities
R124m
Direct social investment
FY17: R107m
 Safety
67%
High potential incidents
FY18: 7 (FY17: 21)
45%
Total recordable cases
FY18: 41 (FY17: 75)
 Health
5
Occupational health (new cases)
FY17: 2
91%
Voluntary HIV testing (employees)
FY17: 92%
 Environment
0
Major incidents (level 3-5)
FY17: 0
130ha
Rehabilitation (land reshaped)
FY17: 75ha
 Margin enhancement
US$72/tonne
Average realised price
FY17: US$71/tonne
45%
EBITDA margin
FY17: 42%
 Financial discipline
~R1bn
Cost Savings
FY18 target: R0.8bn
US$41
Break even price
FY17: US$41
 Sustainable returns
R30.28
HEPS
FY17: R30.47
R30.24
DPS
FY17: R30.97

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