All data is delayed
Loading...
See More

Kumba losing 120 000 tonnes daily

Oct 08 2012 14:42
Reuters
Miners

Riot police keep an eye on strikers. (File, AFP)

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 192
Change 3
% Change 2
Cumulative volume 2505221
Market cap 0

Last Updated: 28/04/2017 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

KUMBA IRON ORE LIMITED [JSE:KIO]

Last traded 174
Change 0
% Change 0
Cumulative volume 1014355
Market cap 0

Last Updated: 28/04/2017 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Strikes about more than wages - NGO

Kumba meets workers' reps

Sishen mine hit by strike

Wildcat strikes spread to more mines

Strike woes weigh on Anglo

Sishen remains unchanged

 

Johannesburg - Kumba Iron Ore [JSE:KIO] is losing 120 000 tonnes of finished product per day due to an illegal strike at its Sishen mine, the producer of the steel-making ingredient said on Monday.

The company, a unit of global miner Anglo American [JSE:AGL], added that it had sufficient production from other mines and stockpiles to continue supplying its customers until mid-October.

Kumba, one of the world's top 10 producers of iron ore and the largest in Africa, suspended operations at the mine on October 4 after striking employees had blocked access to the pit.


* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.

 
kumba iron ore  |  mining unrest

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about...

#JunkStatus

So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you have a budget set aside for Easter holiday spending?

Previous results · Suggest a vote

Loading...