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Kumba Iron Ore Ltd (Kumba), a subsidiary of Anglo-American plc, is a supplier of iron ore to the global steel industry. It carries out the mining and production of iron ore. Kumba's major products include high-grade iron ore, which is utilized in steel manufacturing. The company's business is structured around its two open-pit mines: Kolomela and Sishen. Kolomela is a direct shipping ore (DSO) operation with a crushing and screening plant treating high-grade run-of-mine. Sishen beneficiates its run-of-mine through large-scale beneficiation facilities, utilizing dense media separation (DMS) and Jigging technologies. These mines are conventional drill and blast, and truck and shovel, open-pit operations. Kumba exports its products through the Saldanha Bay port operations, the only iron ore export facility in South Africa. The company targets global markets, particularly in Asia-Pacific, Europe, and the Middle East and North Africa. Kumba is headquartered in Johannesburg, Gauteng, South Africa.
Headquarters
South Africa
Address
144 Oxford Road, Rosebank, Melrose, Johannesburg, Gauteng, 2196
Website
www.angloamericankumba.com
Telephone
27 12 6837000
No of Employees
14,766
Industry
Metals and Mining
Ticker Symbol & Exchange
KIO (JNB)
Revenue (2024)
$3.9B
2.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-0.6%
(2024 vs 2023)
Market Cap*
$6.2B
Net Profit Margin (2024)
XYZ
-2.8%
(2024 vs 2023)
* As of and is in US$
Kumba Iron Ore Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Iron |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In August, the company announced to invest in UHDMS processing technology at Sishen mine. |
| 2021 | Contracts/Agreements | In December, the company announced ZAR1.6 billion mining contract to a black-owned, community-based joint venture its Kolomela Mine operation in the Northern Cape. |
| 2017 | Contracts/Agreements | In February, the company’s subsidiary Sishen Iron Ore Company Proprietary Limited entered into an agreement with ArcelorMittal South Africa Limited to transfer Thabazimbi mine |
Competitor Comparison
| Key Parameters | Kumba Iron Ore Ltd | Sibanye Stillwater Ltd | Impala Platinum Holdings Ltd | Harmony Gold Mining Co Ltd | Exxaro Resources Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Johannesburg | Weltervreden | Johannesburg | Randfontein | Centurion |
| State/Province | Gauteng | Gauteng | Gauteng | Gauteng | Gauteng |
| No. of Employees | 14,766 | 72,423 | 63,787 | 34,350 | 6,966 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Terence Goodlace | Chairman | Executive Board | 2021 | 65 |
| Mpumi Zikalala | Chief Executive Officer; Director | Executive Board | 2022 | 46 |
| Xolani Mbambo | Chief Financial Officer | Senior Management | 2026 | - |
| Simi Ramgoolam | Executive Head- Human Resources | Senior Management | 2022 | 47 |
| Gerrie Nortje | Head - Technical and Strategy | Senior Management | 2024 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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