PROFILE KUMBA IRON ORE
012 683 7000
012 638 7009
Nthabiseng.Macamo@angloamerican.com
www.angloamericankumba.com
Kumba is a supplier of high-quality iron ore to the global steel industry. We operate primarily in South Africa, with mining operations in the Northern Cape and Limpopo provinces, a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. Kumba has a 73.9% interest in Sishen Iron Ore Company Proprietary Limited (SIOC), an entity that we manage. SIOC, in turn, owns the operating assets of the Company. Our black economic empowerment (BEE) partners, namely Exxaro Resources Limited (a leading BEE company listed on the JSE), the SIOC Community Development Trust (that funds projects in local communities) and Envision (an employee share participation scheme) hold the remaining 26.1% interest in SIOC.
Building lasting beneficial relationships is central to what we do. We are a significant CEO: Themba Mkhwanazi
COMPANY CV
employer in the regions in which we operate, and we work with communities and local governments to create lasting change in these areas. At the end of 2015 we employed 11 790 people – 7 434 permanent employees, 3 627 contractors and 729 learnerships.
CEO: Themba Mkhwanazi CFO: Frikkie Kotzee Executive Head: Public Affairs: Yvonne Mfolo Executive Head: Marketing: Timo Smit Executive Head: Human Resources: Virginia Tyobeka
Integrating sustainable best practice into core business processes has been a longstanding priority for us. Our approach to sustainability is driven by the belief that effective management of sustainability issues makes us competitive and enables us to attract and retain skills, safeguard the health and safety of our employees, comply and proactively respond to changes in the legislative, social and political environment, minimise our environmental footprint, and secure and maintain our social licence to operate.
Turnover: R36.1-billion Operating profit: R2.6-billion Net Profit: R627-million
We produce high-grade iron ore, with a lump-to-fine ratio of 65:35 in 2015. This ore is mined at our three operations, all of which are managed by SIOC. Export ore is shipped to customers across the globe from the port operation in Saldanha Bay. We also have
BEE contribution level: 4 verified by Empowerdex Black Empowerment • Black shareholding: 25.1%-50%
a marketing office in Singapore, in partnership with Anglo American plc, and one in Luxembourg. In total, around 9% of our product comprises domestic sales, and around 91% is exported. The revenue generated from these sales is used to grow and sustain the business, which shares its success with various stakeholders in many ways.
• Total black staff: >50.1% • Black executive directors: 25.1%-50%
Gender empowerment: • Female shareholding: 5%-25% • Total female staff: 5%-25% • Female executive directors: 5%-25%
ADDRESS 124 Akkerboom street, Centurion, 0157
28
T O P 5 0 0 / 8 th E D I T I O N
FAST FACTS Kumba Iron Ore Limited began trading on the JSE Limited in November 2006, following its unbundling from Exxaro Resources Limited (Exxaro) We offer training in the following areas: professionals in training and bursaries (Graduate Programmes), internships and bridging school, artisans and apprenticeships
Kumba Iron Ore Limited has a market share of 4%