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Kumba Iron Ore Cuts 2019 Total Sales Guidance on Saldana Closure

Mining News - Published on Wed, 13 Nov 2019

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Following AMSA’s decision to wind down its steel operations at Saldanha, Kumba has reduced the 2019 total sales guidance to 41.5-42.5 million tonnes from 42-43 million tonnes. The production guidance for the full year 2019 is unchanged at 42-43 million tonnes.

Kumba said that it will continue to assess the effect of AMSA’s strategic asset footprint review on domestic sales and will update the market in due course. Importantly, export sales contribute 94% towards the company’s total sales and Kumba’s high-quality iron ore products are well-positioned in global markets with ongoing customer demand and a stable export order book.

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Posted By : Arun Huidrom on Wed, 13 Nov 2019
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