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http://www.chenyanguang.com/media/press-releases/2019/10-12-2019
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10 December, 2019

Kumba refers shareholders to the Anglo American plc (“Anglo American”) briefing today for investors and analysts which includes Kumba’s updated production guidance for the next three years.

The production guidance has been reduced from the previous announcement released by Kumba on 12 November 2019. This follows an assessment of the impact on production from reduced domestic offtake volumes due to the winding down of ArcelorMittal SA Limited’s Saldanha Steel operations. The volume guidance is on a dry basis and is subject to rail and port performance.

Total production (Mt) guidance
2019F: 42-43 (unchanged)
2020F: 42-43 (previously 43-44)
2021F: 42-43 (previously 43-44)
2022F: 42-43 (previously 43-44)

The cost guidance is as follows:

Unit cost (FOB$/t) guidance
2019F: ~33
2020F: ~36

The update will available at 11:00 UK time / 13:00 SA time on the Anglo American website: https://www.angloamerican.com/investors/investor-presentations/2019.aspx.

This announcement contains forward-looking statements which are based on the Company’s current beliefs and expectations about future events. The operational and financial forecasts provided in this announcement are estimates and have not been reviewed and reported on by the Company’s external auditors.

Centurion
10 December 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

View full PDF of this press release (88KB, opens in a new window)

For further information, please contact:

Acting Company Secretary
Isabella Crafford
Email: isabella.crafford@angloamerican.com
Tel: +27 679 2209
Mobile: +27 74 889 9355
Investors Media
Penny Himlok Sinah Phochana
Email: penny.himlok@angloamerican.com Email: sinah.phochana@angloamerican.com
Tel: +27 12 622 8324 Tel: +27 12 683 7019

Notes to editors:

Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East.

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Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast growing consumer-driven demands of the world’s developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world – safely, responsibly and sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com