Kumba Iron Ore Ltd. 2015 IR
The report outlines Kumba Iron Ore's performance and strategic transition from a volume- to a value-based strategy in response to a 42% decline in iron ore prices. Key achievements in 2015 include operating fatality-free, reducing controllable costs by R4 billion, and decreasing net debt by 42% to R4.6 billion. While production at Sishen mine fell 12% to 31.4Mt, Kolomela mine performed strongly, increasing production by 4% to 12.1Mt. The company also resolved to close the Thabazimbi mine as it reached the end of its economic life.
Company: Kumba Iron Ore Ltd.
Sector: Mining & quarrying
Country: South Africa
Year: 2015
Type: IR
Pages: 106
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Kumba Iron Ore Ltd.
Integrated Report
The report outlines Kumba Iron Ore's performance and strategic transition from a volume- to a value-based strategy in response to a 42% decline in iron ore prices. Key achievements in 2015 include operating fatality-free, reducing controllable costs by R4 billion, and decreasing net debt by 42% to R4.6 billion. While production at Sishen mine fell 12% to 31.4Mt, Kolomela mine performed strongly, increasing production by 4% to 12.1Mt. The company also resolved to close the Thabazimbi mine as it reached the end of its economic life.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees