https://www.engineeringnews.co.za

Kumba boosts q-on-q output as Sishen production recovers

18th July 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed Kumba Iron Ore on Thursday reported a marginal year-on-year decline in second-quarter production, but its quarter-on-quarter performance had improved substantially, as its Sishen mine improved production rates following a strike in late 2012.

The iron-ore producer – a unit of Anglo American – delivered total production of 11.3-million tonnes during the three months to June, compared with the 10.3-million tonnes produced during the first quarter of 2013.

This is, however, a 1% year-on-year decline from the 11.4-million tonnes produced in the corresponding period in the prior year.

Production at the Sishen mine, where workers downed tools illegally for two weeks in the 2012 fourth quarter, was 9% lower year-on-year, but up 13% quarter-on-quarter to 8.56-million tonnes. The Kolomela mine produced 2.6-million tonnes of ore during the period under review, a 49% rise year-on-year and 4% decline quarter-on-quarter.

While the output of 132 000 t at the Thabazimbi mine during the June quarter fell 50% from the 262 000 t reported in the corresponding period in 2012, it represented a 28% increase compared with the first-quarter output of 103 000 t.

Kumba noted that total sales reached 11.31-million tonnes of iron-ore in the June quarter. This was a 5% decline from 11.96-million tonnes in the second quarter of 2012 and a 4% rise from the 10.8-million achieved in the first quarter.

Export sales volumes reached 10.2-million tonnes during the three months under review – a 4% decrease compared with the 10.5-million achieved in the corresponding period the year before and an increase of 2% compared to the 9.9-million tonnes reported in the preceding quarter.

The company’s domestic sales volumes decreased 17% year-on-year, but it reported a quarter-on-quarter increase of 28% to 1.1-million tonnes.

Total finished product stockpile levels amounted to 3.3-million tonnes at June.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.089 0.141s - 156pq - 2rq
Subscribe Now