Iron ore and Coal

Anglo American: Kumba Iron Ore Production Fall Amid Rail Constraints

Anglo American: Kumba Iron Ore Production Fall Amid Rail Constraints
Mining News Pro - The Anglo American Kumba iron ore production for Q3 CY`18 decreased 9% on quarterly basis to 10.5 MnT as against 11.6 MnT in last quarter.
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According to Mining News Pro -The Anglo American Kumba iron ore production for Q3 CY`18 decreased 9% on quarterly basis to 10.5 MnT as against 11.6 MnT in last quarter. Also on yearly basis, the production recorded similar decline by 9% as against Q3 CY`17 production at 11.5 MnT. The fall in production is owing to rail constraints in H1 CY18. Besides, low production is attributed to focus on higher quality products.

•The Kumba iron ore domestic sales in Q3 CY`18 reduced by 3% to 0.76 MnT as against 0.78 MnT, a quarter before. The sales recorded 17% rise as against Q3 CY`17 sales at 0.64 MnT.

• Kumba iron ore exports fell 10% in Q3 CY18 to 9.7 MnT as against 10.8 MnT in Q3 CY17. The decline is due to maintenance of ship loader at Saldanha port resulting in reduced material loading capacity. The export improved slightly on quarterly basis as compared to 9.6 MnT Q2 CY’18.

• The production at both the Kumba iron ore mine i.e Sishen and Kolomela declined in the quarter. The production at Sishen mine witnessed at 7 MnT (down 11% Q-o-Q) and Kolomela at 3.5 MnT (down 5% on quarterly basis).

Minas-Rio pellet production and sales dropped to nil -

Minas Rio mines, pellet production for the quarter witnessed nil. The fall is due to suspension of mines owing to detection of pipeline leakage, resulting in operation halt at mines since Mar`18. The mine is expected to resume in Q4 CY`18.

The total sales by the mine also stood nil for the quarter as against 0.32 MnT in last quarter.

Anglo American: 2018 Guidance

• The 2018 guidance for Kumba iron ore mine remains intact at 43-44 MnT

• Minas Rio reaffirms pellet production guidance for 2018 at 3 MnT

 


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