Kumba Iron Ore Limited. JSE: KIO
Background of Kumba[info_list font_size_icon=”24″][info_list_item list_icon=”Defaults-check”]Kumba Iron Ore is a South African iron ore mining company and a subsidiary of Anglo American. The company is the largest iron ore producer in Africa and the fourth largest in the world.[/info_list_item][info_list_item list_icon=”Defaults-check”]Kumba’s flagship project is the Sishen mine in the Northern Cape, which accounted for 70% of the group’s production (or 31.4Mt) in 2015. Also in the Northern Cape, Kolomela mine is the company’s newest operation and contributes around 12Mt of iron ore per year. Thabazimbi mine in Limpopo is the company’s other asset, producing approximately 1Mt per year. Domestic sales accounted for 4.3Mt of product in 2015, with export sales accounting for 43.5Mt.[/info_list_item][info_list_item list_icon=”Defaults-check”]Kumba holds a 73.9% interest in Sishen Iron Ore Company (SIOC), which owns the operating assets of Kumba. The company employs over 11 000 people and makes product for sale to customers in South Africa, China, India, Japan, South Korea, Europe and the Middle East. [/info_list_item][info_list_item list_icon=”Defaults-check”]Kumba shares are available to buy on the Johannesburg Stock Exchange (JSE) with a market cap of R44.5 billion[/info_list_item][/info_list]
Kumba Investor Tip
Anglo American, Industrial Development Corporation, Public Investment Corporation.
- Start by Filling in the BUY THIS SHARE form.
- Insert your name, email, telephone number and monthly remuneration.
- Then, Indicate the amount you are looking to invest in Kumba.
- Click the “ INVEST NOW” button
- Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
- Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
[/info_list_item][info_list_item list_title=”Buy Shares with Confidence ” list_icon=”Defaults-circle”]Buying JSE shares has never been this convenient and easy. #myfirstshare
View more JSE shares for sale – here.[/info_list_item][/info_list]
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