Kumba Reports 9% YoY Increase in Iron Ore Production in 2021

Kumba CEO Mpumi Zikalala said “Kumba’s strong safety and operational performance in 2021 delivered a 9% increase in production and more than five years of fatality free production. Thanks to the hard work and commitment from our workforce we have achieved production of 40.9 million tonne and sales of 40.3 million tonne above our previous guidance of 40.5 million tonne and 39.5 million tonne, respectively. Our focus on product quality and development of markets beyond China contributed to an average realised price of USD 161 per wet metric tonne, 18% above the benchmark price of USD 136 per wmt. While market uncertainty may persist, our premium quality products and value-focused strategy ensure that we are playing our role in the global steel industry's transition to a cleaner and more sustainable future."Overview of 2021Increased production by 9% to 40.9 million tonne, reflecting the impact of Covid-19 in 2020 and improved plant reliability in 2021Increased export sales by 1% to 40.2 million tonneFinished stock as at 31 December 2021 increased to 6.1 million tonne from 4.8 million tonneDelivered an average realised FOB export iron ore price of USD 161 per wmt (USD 164 per dry metric tonne), 18% above the benchmark price of USD 136 per wmt (USD 139 per dmt)

Kumba Reports 9% YoY Increase in Iron Ore Production in 2021

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