27
Oct
10:06
Kumba lowers Sishen output forecast for 2015, maintains export projection
Kumba Iron Ore now expects production at its main Sishen mine in 2015 to be 31 million tonnes, down from the previous forecast of 33mt, despite anticipated improvement in Q4. The firm’s overall export sales are still forecast at 43mt, Kallanish learns from parent company Anglo American.
This comes after South Africa-based Kumba reported a -12% on-year decline in overall production to 11.4mt in the third quarter. But exports increased 9% to 9.8mt due to imp…
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