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The Weekly Update EP:03 Khaya Sithole returns to talk on the latest news over the past week.

The Weekly Update EP:03 Khaya Sithole returns to talk on the latest news over the past week.

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    Marginal production drop for Kumba

    Kumba Iron Ore reported on Thursday (18 July) that total production of 11.3 Mt for the second quarter ended June decreased by 1% compared with the same quarter last year.
    Marginal production drop for Kumba

    However, it said total production for the quarter was up by 9% compared with the first quarter mainly because of improved production at Sishen along with an exceptional performance of Kolomela mine.

    Total export sales volumes decreased by 4% while domestic sales volumes fell by 17%. Total finished product stockpile levels were at 3.3m tons at the end of June.

    Kumba said that production at the Thabazimbi mine decreased by 50% compared with in the second quarter of last year but increased by 28% compared with the first quarter, which was in line with ArcelorMittal South Africa Limited's (AMSA) requirements.

    Pit complexities and geotechnical challenges at Thabazimbi continued as the mine approached the end of its economic life.

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

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