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Kumba Iron Ore Ltd (KIOJ.J)

KIOJ.J on Johannesburg Stock Exchange

27,217.00ZAc
13 Dec 2018
Change (% chg)

641.00 (+2.41%)
Prev Close
26,576.00
Open
26,900.00
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Day's Low
26,608.00
Volume
375,672
Avg. Vol
334,117
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52-wk Low
24,414.00

Latest Key Developments (Source: Significant Developments)

Kumba Iron Ore Q3 Production Volumes Fall, Maintains FY Forecast
Tuesday, 23 Oct 2018 02:00am EDT 

Oct 23 (Reuters) - Kumba Iron Ore Ltd ::QTRLY PRODUCTION VOLUMES REDUCED BY 9% TO 10.5MT.QTRLY EXPORT SALES DECREASED BY 10% TO 9.7MT.2018 FULL YEAR GUIDANCE MAINTAINED.  Full Article

Kumba Iron Ore HY Total Revenue Decreased 9 Pct To R19.5 Bln
Tuesday, 24 Jul 2018 01:07am EDT 

July 24 (Reuters) - Kumba Iron Ore Ltd ::HY INTERIM CASH DIVIDEND OF R14.51 PER SHARE.FULL YEAR TOTAL SALES GUIDANCE HAS BEEN REVISED TO 42 - 44 MT FROM 44 - 45 MT.HY TOTAL REVENUE DECREASED BY 9% TO R19.5 BILLION.FULL YEAR GUIDANCE FOR PRODUCTION WAS REVISED DOWN TO 43 - 44 MT.BOARD HAS APPROVED A DIVIDEND POLICY WHICH TARGETS A PAY-OUT RATIO RANGE OF 50 - 75% OF HEADLINE EARNINGS.HY AVERAGE REALISED FOB PRICES DECREASED BY US$2/TONNE COMPARED TO 1H17.CURRENT CAPITAL EXPENDITURE OUTLOOK FOR 2018 (INCLUDING DEFERRED STRIPPING) IS R3.7 - R3.9 BILLION.FY UNIT CASH COST OF SISHEN REVISED TO R300 - R310 PER TONNE; KOLOMELA'S UNIT CASH COST GUIDANCE REMAINS UNCHANGED.HY DILUTED HEADLINE EARNINGS PER SHARE OF 9.25 CENTS.HY TOTAL TONNES MINED INCREASED BY 12% TO 140.4 MT WHILE TOTAL PRODUCTION ROSE BY 3% TO 22.4 MT.  Full Article

Kumba Iron Ore Sees HY HEPS 34-37 Pct Lower Than Last Year
Thursday, 19 Jul 2018 03:00am EDT 

July 19 (Reuters) - Kumba Iron Ore Ltd ::QTRLY TOTAL PRODUCTION INCREASED BY 2% COMPARED TO Q2 2017 DUE TO A SOLID OPERATIONAL PERFORMANCE FROM BOTH SISHEN AND KOLOMELA.HY HEPS IS LIKELY TO BE BETWEEN R9.02 AND R9.49, A DECREASE OF BETWEEN 34% AND 37%.EXPORT SALES INCREASED MARGINALLY BY 1% TO 9.6MT COMPARED TO 9.4MT IN Q2 2017.HY BASIC EPS IS EXPECTED TO BE BETWEEN R8.92 AND R9.38, A DECREASE OF BETWEEN 35% AND 38%.EXPECTED DECREASE IN HY EARNINGS LARGELY ATTRIBUTABLE TO IMPACT OF STRONGER RAND/US DOLLAR EXCHANGE RATE, LOWER EXPORT IRON ORE PRICES.  Full Article

Kumba Iron - Q1 Total Production Increased By 4% Driven By Production At Kolomela Increasing 26% To 3.5Mt Due To Increased Plant Throughput
Tuesday, 24 Apr 2018 02:00am EDT 

Kumba Iron Ore Ltd ::KUMBA IRON - Q1 TOTAL PRODUCTION INCREASED BY 4% DRIVEN BY PRODUCTION AT KOLOMELA INCREASING 26% TO 3.5MT DUE TO INCREASED PLANT THROUGHPUT.Q1 EXPORT SALES DECREASED MARGINALLY TO 9.9MT, WHILE DOMESTIC SALES INCREASED BY 6%..KUMBA IRON ORE - RELATIVE TO Q4 2017, THIS WAS A 12% DECREASE FOLLOWING DERAILMENTS WHICH IMPACTED EXPORT SALES BY 1.1MT IN Q1.KUMBA IRON ORE - WORKING CLOSELY WITH TRANSNET TO MITIGATE DERAILMENTS AND CURRENTLY EXPECTS TO MEET FULL YEAR GUIDANCE WITH TOTAL SALES OF 44-45MT.  Full Article

Kumba Iron Ore Says FY Production Of 45Mt Exceeded Recent Guidance​
Thursday, 25 Jan 2018 02:00am EST 

Jan 25 (Reuters) - Kumba Iron Ore Ltd ::‍FULL YEAR PRODUCTION OF 45MT EXCEEDED RECENT GUIDANCE​.‍Q4 2017 DELIVERED CONTINUED STRONG QUARTER-ON-QUARTER PRODUCTION OF 11.6MT​.‍Q4 EXPORT SALES INCREASED BY 7% TO 11.4MT DUE TO IMPROVED LOADING RATES​.‍Q4 TOTAL FINISHED PRODUCT STOCKS WERE 4.3MT, COMPARED TO 3.5MT IN Q4 2016​.  Full Article

Anglo American reports 6 pct rise in Q3 total production
Tuesday, 24 Oct 2017 02:00am EDT 

Oct 24 (Reuters) - Anglo American Plc ::ANGLO AMERICAN PLC - Q3 2017 DIAMOND PRODUCTION ‍9.2​ MILLION CARATS VERSUS 6.3 MILLION CARATS IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 COPPER PRODUCTION FROM RETAINED OPERATIONS ‍147,300​ TONNES VERSUS 139,800 TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 PLATINUM PRODUCTION ‍621​ KOZ VERSUS 619 KOZ IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 IRON ORE PRODUCTION FROM KUMBA ‍11.5​ MILLION TONNES VERSUS 11.8 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 IRON ORE PRODUCTION FROM MINAS-RIO ‍4.2​ MILLION TONNES VERSUS 4.5 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR DE BEERS ‍FULL YEAR PRODUCTION GUIDANCE HAS BEEN REVISED TO ABOUT 33 MILLION CARATS​.ANGLO AMERICAN PLC - Q3 2017 EXPORT METALLURGICAL COAL PRODUCTION ‍5.5​ MILLION TONNES VERSUS 5.1 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR COPPER ‍FULL YEAR PRODUCTION GUIDANCE HAS BEEN TIGHTENED TO 570,000 - 580,000 TONNES​.ANGLO AMERICAN PLC - Q3 2017 EXPORT THERMAL COAL PRODUCTION ‍6.3​ MILLION TONNES VERSUS 7.4 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 NICKEL PRODUCTION ‍11,200​ TONNES VERSUS 11,300 TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR PLATINUM ‍PRODUCTION GUIDANCE (METAL IN CONCENTRATE) HAS BEEN LOWERED TO 2.30 - 2.35 MILLION OUNCES​.ANGLO AMERICAN PLC - ‍FOR IRON ORE BRAZIL FULL YEAR PRODUCTION GUIDANCE REMAINS UNCHANGED AT 16-18 MILLION TONNES (WET BASIS).​.  Full Article

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Breakingviews - Agarwal’s Anglo American carve-up looks a stretch

LONDON (Reuters Breakingviews) - The fog surrounding Anil Agarwal’s intentions with Anglo American is only slightly thinner. The Indian billionaire is mulling a merger of his resources group Vedanta with the global miner’s South African operations, Indian newspaper Mint reported on Wednesday. He faces an uphill struggle.