19
Feb
11:56
Kumba anticipates flat on-year sales, continued cost pressure
Kumba Iron Ore has given an iron ore production and sales guidance each of 43 million-44 million tonnes for 2019, with Sishen producing around 30mt. This compares to confirmed production and sales of 43.1mt and 43.3mt respectively in 2018. Of the 2019 sales, 3mt will be for ArcelorMittal South Africa.
Unit costs are expected to be ZAR 315-325/tonne ($22.2-22.9) for Sishen and ZAR 265-275/t for Kolomela. Costs will remain under pressure as a result of increa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous