VALUE PROPOSITION
Anglo American’s South African iron ore business, Kumba Iron Ore Limited, is a leading value add supplier of the highest quality iron ore to the global steel industry. It has been mining iron ore in South Africa, in one form or another, for over 70 years. Kumba is a pure-play iron ore company, extracting iron ore from mines in the Limpopo and Northern Cape provinces of South Africa, with corporate offices in Gauteng. It operates two open cast mines, Sishen and Thabazimbi, with a third, Kolomela, currently in the development phase.
The company is the fourth largest supplier of seaborne iron ore in the world, exporting more than 34 million tonnes per annum to steelmakers in Europe, the Middle East, and Asia. Kumba has reserves of more than one billion tons of high quality haematite. It is a fully empowered company in terms of the 2014 equity ownership requirements set out in the South African Mining Charter. Shareholders include Anglo American (63 percent), the Industrial Development Corporation (13 percent) and minorities (24 percent).
In gearing to maintain its position as a leader in iron ore mining and beneficiation, Kumba is committed to creating a stimulating and rewarding workplace, offering progressive training and development while creating ownership options for its staff through Envision – the employee share participation scheme. Safety and occupational health, human resources, employment equity, community development, and limiting the company’s environmental impact are at the heart of Kumba’s approach to enabling sustainable development. Kumba’s role in development includes interventions designed to alleviate poverty, building infrastructure and supporting community development. Development programmes are guided by Kumba’s social and labour plans, company policies and
strategies, and interaction with all levels of government and community representatives.
| Centurion | +27 (0)12 683 7000 | http://www.angloamericankumba.com/ |
STATISTICS / DEMOGRAPHICS / HISTORY
Year founded: 2006
Employees: 5 851
Branches: Two open cast mines – Sishen Mine (Northern Cape), Kolomela Mine in development (Northern Cape) and Thabazimbi Mine (Limpopo)
BUSINESS & FINANCE
Turnover: R38 704-million
Operating profit: R25 131-million
Net profit: R18 289-million
Financial year-end: 31 December
Subsidiaries: Sishen Iron Ore Company (Pty) Ltd
Holding company: Anglo American
Bank: Absa
Auditors: Deloitte
JSE listing & date: November 2006
Key clients: Nippon Steel (Japan), Bao Steel, Voestalpine( Austria), POSCO (South Korea), Salzgitter, Thyssen Krupp (Germany)
CONTRACTS & AWARDS
Recent awards: Top500 Companies (sector leader – metals and minerals); Sunday Times, Business Times Top 100 Awards (runner up); Nedbank Capital Green Mining Awards (Anglo Zimele Small Business Hub – joint winner of the socio-economic category); 2010: African Access National Business Awards – Top Performing Company of the Year; Chief Executive Chris Griffith –Top Businessman of the Year; Environment, Sustainability and Governance Award; and Exporter of the Year (honourable mention); 2011: African Access National Business Awards-Fast Growth Award; Top Performing Company of the year. Nedbank Green Mining Awards-Joint, Socio-economic category – Winner – sustainability category
TRAINING & CSI
Training programmes: Young Talent Pipeline (engineering and geology skills) – 116 students in total; MQA accredited training facility for technical and functional training at Sishen (683 learnerships)
Empowerment initiatives: Training people from the community in civil trade through the Tshipi and Itereleng Skills Development Centres at the mines; Anglo Zimele Small Business Start-up Fund.
Corporate social investment initiatives: Rural empowerment (Bomme Itsoseng); improving healthcare (Ulysses Gogi Modise Wellness Clinic); and improving education (from pre-primary to tertiary).
EMPOWERMENT STATUS
Black Empowerment Level:
shareholding: 25.1%-50% / executive directors/senior management: 5%-25% /
total staff: 25.1%-50%
Gender Empowerment Level:
total staff: >50.1%
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