Full Disclosure 2016

Company overview

Kumba Iron Ore (Kumba) is an iron ore production company with its primary operations in South Africa. It is a subsidiary of Anglo American and is listed on the JSE. In February 2016, it was reported that Anglo American plans to sell down its equity position in Kumba. However, Anglo American has indicated that it does not expect to complete this transaction until 2017.¹

Kumba has a 73.9% interest in and also manages Sishen Iron Ore Company Proprietary Limited (SIOC). SIOC owns the operating assets of the company.²

Kumba’s mining operations are located in the Northern Cape and Limpopo provinces.³ These are the Sishen mine, near Kathu in the Northern Cape Province (operated by SIOC), Kolomela mine, near Postmasburg in the Northern Cape Province, and Thabazimbi mine, near Thabazimbi in the Limpopo Province.⁴

Thabazimbi mine completed its mining activities at the end of September 2015.⁵ In its 2015 Sustainability Report Kumba reported that the closure plan and financial provision for Thabazimbi were updated in 2015 and that Thabazimbi would apply for approval of the closure plan once processing activities were completed during the second quarter of 2016. No further details on the status of the Thabazimbi closure process could be found on the Kumba website.

In its latest Integrated Report, Kumba states that it employs 10,593 people across its operations.⁶