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Kumba Iron Ore, a business unit of Anglo American welcomes the statement by the South African Minister of Mineral Resources on the progress of transformation in the mining industry in South Africa. Anglo American is committed to meeting South Africa's transformation objectives and has been a longstanding and major contributor to the transformation of the mining industry.
Kumba Iron Ore, a business unit of Anglo American welcomes the statement by the South African Minister of Mineral Resources on the progress of transformation in the mining industry in South Africa. Anglo American is committed to meeting South Africa's transformation objectives and has been a longstanding and major contributor to the transformation of the mining industry.
Kumba continues to strive for meaningful and sustainable transformation. The company exceeded all Mining Charter targets in the 2014 reporting year including HDSA ownership requirements through Exxaro, the communities surrounding its operations and employees.
The Mining Charter is concerned not only with HDSA ownership, but various other aspects of broad-based socio-economic empowerment. Kumba is confident that it has met all targets and remains a committed contributor to broad based socio-economic empowerment across all the pillars of measurement.
Norman Mbazima, Chief Executive of Kumba, said: "We welcome the Minister's collaborative approach and we look forward to the resolution of the difference of opinion relating to the ownership element of the Mining Charter. I am proud of the work that has been done to bring the Mining Charter to life at Kumba. We have exceeded the Charter targets in terms of ownership, preferential procurement, housing and human resource development elements. Whilst the Charter period of 10 years has come to an end, we remain committed to continuing to bring about meaningful change with regards to transformation within our business and, indeed, our country."
Kumba will continue to engage with the government, Chamber of Mines and other stakeholders to ensure that together we help create a sustainable mining industry for South Africa.
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Kumba Iron Ore
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PRODUCER |
CODE : KIO |
ISIN : ZAE000085346 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kumba Iron Ore is a zinc and copper producing company based in South africa. Kumba Iron Ore produces zinc, copper, iron in South Africa, and holds various exploration projects in Congo Dem. Rep. of and in Tanzania. Its main asset in production is SISHEN MINE in South Africa and its main exploration properties are KIPUSHI in Congo Dem. Rep. of and MRANGI in Tanzania. Kumba Iron Ore is listed in Germany, in South Africa and in United States of America. Its market capitalisation is 4.8 billions as of today (US$ 10 541.9 billions, € 9 469.8 billions). Its stock quote reached its highest recent level on September 07, 2015 at 8 797.00, and its lowest recent point on March 17, 2023 at 10.29. Kumba Iron Ore has 322 085 974 shares outstanding. |