Data provided by iNet BFA
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 292.40
Change 10.08
% Change 0.04
Cumulative volume 1670379
Market cap 410.96bn

Last Updated: 25/07/2014 at 03:23. Prices are delayed by 15 minutes. Source: McGregor BFA

KUMBA IRON ORE LIMITED [JSE:KIO]

Last traded 370.78
Change 10.78
% Change 0.03
Cumulative volume 451066
Market cap 119.42bn

Last Updated: 25/07/2014 at 03:21. 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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Passive investment for retirement

The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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