Otmane El Rhazi : Kumba sees production increase, but outlook remains cautious

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

JSE-listed Kumba Iron Ore’s production for the first quarter ended March increased 7%, to 12.2-million tons, on the 2014 comparative period, declining 2% quarter-on-quarter. The company highlighted that its total export sales volumes increased by 22% year-on-year, but also fell 2% compared with the previous quarter, at 11.5-million tons, owing to higher production, improved logistics performance and the use of the multipurpose terminal at the Saldanha port, in the Western Cape.