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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 230.44
Change -5.31
% Change -0.02
Cumulative volume 1045262
Market cap 323.88bn

Last Updated: 24/10/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

KUMBA IRON ORE LIMITED [JSE:KIO]

Last traded 277.00
Change -5.14
% Change -0.02
Cumulative volume 205988
Market cap 89.22bn

Last Updated: 24/10/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.


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