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Kumba Iron Ore Ltd (KIOJ.J)

KIOJ.J on Johannesburg Stock Exchange

32,322.00ZAc
2:59am EST
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Prev Close
32,650.00
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Day's High
32,898.00
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32,051.00
Volume
75,079
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782,927
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32,898.00
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13,901.00

Latest Key Developments (Source: Significant Developments)

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

Solidarity signs wage agreement with Kumba Iron Ore
Wednesday, 13 Sep 2017 09:07am EDT 

Sept 13 (Reuters) - TRADE UNION SOLIDARITY: :‍SOLIDARITY SIGNS FAVOURABLE WAGE AGREEMENT WITH KUMBA​.‍TOGETHER WITH NUM RATIFIED AND SIGNED COLLECTIVE AGREEMENT ON WAGES AND OTHER CONDITIONS OF SERVICE THAT HAD BEEN REACHED WITH KUMBA ON 7 JULY​.KUMBA EMPLOYEES WILL BE REMUNERATED RETROSPECTIVELY AND WILL ALSO RECEIVE A ONCE-OFF MONETARY BENEFIT TO VALUE OF R25,046,26 (AFTER TAXATION).‍THIS AGREEMENT WILL APPLY TO NEXT THREE YEARS​.  Full Article

National Union of Mineworkers signs wage agreement with Kumba Iron Ore
Friday, 25 Aug 2017 05:16am EDT 

Aug 25 (Reuters) - National Union of Mineworkers :SIGNED A WAGE AGREEMENT WITH KUMBA IRON ORE.PARTIES AGREE ON A ONCE A ONCE OFF EX GRACIA PAYMENT OF R25,064.26 AFTER TAX WHICH WILL BE PAID TO ALL EMPLOYEES COVERED BY THE AGREEMENT.AGREEMENT WITH KUMBA FOR 3 YEARS THAT WILL SEE MEMBERS OF NUM RECEIVING PERCENTAGES RANGING BETWEEN 7% TO 10%.HOUSING ALLOWANCE FROM 1ST OF JULY 2017 WILL BE R2 900, 01 JULY 2018 WILL BE R3 200 AND 01 JULY 2019 WILL BE R3 500.  Full Article

Kumba Iron appoints Mandla Gantsho as independent director and chairman designate
Tuesday, 25 Jul 2017 02:05am EDT 

July 25 (Reuters) - KUMBA IRON ORE LTD ::FANI TITI INTENDS TO STEP DOWN FROM BOARD WITH EFFECT FROM 30 SEPTEMBER 2017.MANDLA GANTSHO HAS BEEN APPOINTED AS AN INDEPENDENT DIRECTOR AND CHAIRMAN DESIGNATE.GANTSHO WILL JOIN BOARD ON 1 AUGUST 2017 AND WILL SUCCEED TITI AS CHAIRMAN ON 1 OCTOBER 2017, AFTER HANDOVER PERIOD OF TWO MONTHS.  Full Article

Kumba Iron Ore to resume dividend payment; HY HEPS of 14.4 rands
Tuesday, 25 Jul 2017 02:04am EDT 

July 25 (Reuters) - Kumba Iron Ore Ltd ::BOARD HAS DECIDED TO RESUME PAYING A DIVIDEND.BOARD HAS DECIDED TO PAY AN INTERIM CASH DIVIDEND OF R15.97 PER SHARE.FOR HY TOTAL TONNES MINED AT SISHEN INCREASED BY 11% TO 92.9 MT (1H16: 83.7 MT).FOR HY TOTAL TONNES MINED AT KOLOMELA MINE INCREASED BY 21% TO 32.2 MT, (1H16: 26.7 MT).FOR HY TOTAL TONNES MINED WERE 125 MT, A 13% INCREASE.KUMBA ACHIEVED AN AVERAGE CASH BREAK-EVEN PRICE OF US$43/TONNE (CFR CHINA) IN THE FIRST SIX MONTHS OF 2017.HY HEADLINE EARNINGS INCREASED BY 53% TO R4.6 BILLION (1H16: R3 BILLION).ATTRIBUTABLE AND HEADLINE EARNINGS FOR HY WERE R14.37 AND R14.42 PER SHARE RESPECTIVELY.  Full Article

Kumba Iron Ore says Q2 total production up 28 pct
Thursday, 20 Jul 2017 03:00am EDT 

July 20 (Reuters) - Kumba Iron Ore Ltd ::Qtrly Sishen production up 38 pct to 7.9MT due to improved mining productivity.Qtrly export sales up 8 pct to 9.4MT on back of a 28 pct increase in total production.Q2 Kolomela production increased to 3.5MT, up 11 pct compared to Q2 2016, due to productivity improvements.  Full Article

Kumba Iron Ore sees ‍HY HEPS up between 46-58 pct​
Friday, 14 Jul 2017 02:44am EDT 

July 14 (Reuters) - Kumba Iron Ore Ltd ::‍hy heps is likely to be between r13.70 and r14.85, an increase of between 46 pct and 58 pct​.  Full Article

Kumba Iron Ore says appoints Bothwell Mazarura as CFO
Thursday, 6 Jul 2017 08:23am EDT 

July 6 (Reuters) - Kumba Iron Ore Ltd :Appointment of Bothwell Mazarura as chief financial officer and executive director.  Full Article

S.Africa's Competition Commission approves Arcelormittal, Kumba Iron Ore deal
Tuesday, 30 May 2017 05:06am EDT 

May 30 (Reuters) - South Africa's Competition Tribunal: :Arcelormittal SA, Kumba Iron Ore deal for Thabazimbi mine approved by South Africa's Competition Commission without conditions.  Full Article

SA's competition body backs clearing ArcelorMittal S.Africa's Thabazimbi deal
Thursday, 25 May 2017 08:37am EDT 

May 25 (Reuters) - South Africa's Competition Commission::Recommended to tribunal to approve ArcelorMittal South Africa's <<>> acquisition of Thabazimbi mine from Sishen Iron Ore Co.Commission finds that proposed transaction is unlikely to substantially prevent or lessen competition in affected markets.  Full Article