12
Dec
08:22
Kumba Iron Ore reduces production guidance
Kumba Iron Ore has reduced production guidance for 2020, 2021 and 2022 each to 42 million-43m tonnes from the previous 43-44mt estimate. This follows an assessment of the impact on production from reduced domestic offtake volumes due to the winding down of ArcelorMittal’s Saldanha Steel operations. 2019 guidance remains at 42-43mt.
The unit cost guidance remains at $33/t and $36/t fob in 2019 and 2020 respectively.
Last month Kumba reduced its 2019 sale…
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