ARTICLES RELATING TO KUMBA

S&P ratings boost for Anglo as miner wins war on debt

2016-12-02 15:37

Anglo American has been rewarded with a ratings upgrade by S&P Global Ratings after meeting its net debt reduction target.

R617m tax breather boosts Kumba's profits as CEO resigns

2016-07-26 08:34

A R617m tax breather has boosted Anglo American’s iron ore unit Kumba, which posted a 20% rise in profit to R3bn, while its CEO has announced his decision to step down.

Iron ore crash sends Kumba from darling to reject

2016-02-17 10:54

Kumba Iron Ore is the latest casualty of the iron ore slump as Anglo American seeks to dispose of its 69.7% stake, which accounted for half its profit three years ago.

Anglo iron output up as Brazil mine offsets Kumba drop

2016-01-28 11:41

Anglo American has produced more iron ore last year after higher production at its Minas-Rio mine in Brazil made up for lower output from its Kumba subsidiary.

Court rules in favour of Sishen

2013-03-28 16:00

The Supreme Court of Appeal has ruled that Sishen Iron Ore Company has the exclusive right to mine iron ore at the Sishen Mine

Kumba: Striking miners won't leave

2012-10-12 18:43

Talks aimed at getting striking workers to leave Kumba Iron Ore's Sishen mine, in the Northern Cape, have been unsuccessful, says the company.

Labour unrest ups pressure on Zuma

2012-10-03 14:03

A spate of miners’ strikes has now hit Kumba, regarded as immune to the contagion because of a payout of about R345 000 to workers as part of a share scheme.

SA stocks down, China worries hit resources

2012-03-12 18:15

SA stocks snapped three days of gains as concerns about softer demand from China dragged down commodities.

 

PIC wants Anglo to be more SA controlled

2016-10-06 18:59

The Public Investment Corporation, Anglo American’s biggest shareholder, wants SA investors to follow its lead and increase their holdings in the miner.

Kumba output drops on revised Sishen mine plan

2016-07-20 11:19

Kumba Iron Ore has announced a production drop of 15% to 8.9 million tonnes for the quarter to end-June, consistent with its revised Sishen mine plan.

Anglo to exit Kumba as profits plunge

2016-02-16 12:17

Anglo American is looking to exit its controlling stake in Kumba Iron Ore after the mining group said it will build its future around copper, platinum and diamonds.

ArcelorMittal SA, Kumba talk about deal

2013-09-27 10:51

ArcelorMittal South Africa and Kumba Iron Ore say they are in talks over a potential new ore supply agreement.

Tough times ahead for new Anglo CEO

2012-11-14 07:27

Anglo American's bad news day has highlighted the challenges for new CEO, with analysts saying it is difficult to see light at the end of the tunnel.

Strike woes weigh on Anglo

2012-10-03 15:33

Shares in miner Anglo American have dropped over 2% on the FTSE as wildcat strikes in South Africa’s mines spread to the group’s Kumba Iron Ore subsidiary.

ANCYL scouts for firms to nationalise

2012-08-27 16:25

The ANC Youth League says it will start identifying strategic sectors to be nationalised, mentioning Sasol, Kumba Iron Ore and Arcelor Mittal as targeted firms.

Prosecutor 'refused to stop probe'

2012-02-03 09:12

Senior prosecutor Glynnis Breytenbach's suspension by the NPA could have something to do with her refusal to quit a politically sensitive fraud case, according to a report.

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