Amsa’s threat of Saldanha closure affects Kumba
The subsidiary of global diversified mining giant Anglo American plc yesterday told investors that it had reduced its sales guidance to between 41.5million and 42.5million tons from its previous estimates of 42million and 43million tons.
Kumba said that production for the full year remained unchanged at between 42m and 43m tons.
It said it would continue to monitor the Saldanha developments.
“Kumba will continue to assess the effect of Amsa strategic asset footprint review on domestic sales and will update the market in due course,” Kumba said. “Importantly, export sales contribute 94percent towards the company’s total sales and Kumba’s high-quality iron ore products are well-positioned in global markets, with ongoing customer demand and a stable export order book.”
Source: iol.co.za
