A UNIQUE IRON ORE FOOTPRINT ACROSS SOUTH AFRICA
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Annual revenue: R54.5bn
Number of employees: 55,000
Women in mining: 18% female workforce
56% of management are historically disadvantaged South Africans
Corporate social investment spend: R254m
Enterprise development spend: R10m
Our goal is to supply premium iron ore products against a background of declining quality of global iron ore supplies. Our iron ore operations in South Africa are made up of a 69.7% shareholding in Kumba Iron Ore Limited (Kumba), a leading supplier of seaborne iron ore. Kumba, which is listed on the Johannesburg Stock Exchange, produces a leading quality lump ore and premium fine ore.
Kumba operates three mines – Sishen mine in the Northern Cape, which produced 30.9 million tonnes (Mt) of iron ore in 2013; Thabazimbi mine in Limpopo, with an output of 0.6 Mt in 2013, and Kolomela mine, also in the Northern Cape, produced 10.8 Mt during 2013.
We have extensive, high quality resource bases in South Africa as well as in Brazil. If you want to find out more about our Brazil iron ore operation, visit their website.
At Kumba, we aim to create and leave a positive legacy wherever we go, especially for the communities in and around our operations. We also strive to operate safely and in a way that looks to eliminate harm to people and to the environment, never forgetting to continue with our Corporate Social Investment responsibilities and to create shared value for all of our stakeholders. To read more about the difference Kumba is making, read the Sustainability section of their website.
CEO, Kumba Iron Ore
Norman Mbazima, has headed Anglo American’s South African iron ore business Kumba Iron Ore since 1 September 2012 when he joined the separately-listed company as its Chief Executive. He is leading a review of the business to adapt to the changing price environment, while, at the same time, guiding efforts to restore the company’s flagship operation, Sishen mine, to full production by 2016.
He previously headed Anglo American’s thermal coal business in SA, which recorded a record operating profit in 2011, combined with an improved safety performance. Under his leadership, the business worked towards developing cleaner solutions for the world’s energy needs. A chartered accountant by profession, Norman started his career with Zambia Consolidated Copper Mines before joining accounting firm Deloitte & Touche, where he spent 17 years. He was instrumental in the privatisation of Zambia’s state-owned enterprises, including the country’s mining industry. Previous roles with Anglo American included finance director of Konkola Copper mines, CFO of the Anglo American Coal business, CEO of Scaw Metals, and finance director and acting CEO of the platinum business.
Of all the metals that make modern life possible, steel is the most widely used – and iron ore is its main ingredient.
Iron ore is needed for train tracks and other types of infrastructure, which is one reason for the great demand from emerging economies such as China and Brazil.
But it’s also used in medicine, cosmetics, engineering, construction, paint and a whole range of products we need for modern life.
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