Q1 Production Report – Total production increased by 14% to 9.4 million tonnes (Mt) due to operational improvements at Kolomela. Sales volumes remained the same, totalling 9.5Mt, and finished stock increased to 8.0Mt. The demand outlook for Kumba’s high-quality iron ore remains positive due to improved economic activity in China and the steel intensity of the global energy transition. Kumba is partnering with customers to advance low-carbon steelmaking processes, and has signed an agreement with Swedish hydrogen and steel producer H2 Green Steel to trial the use of premium quality iron ore products as feedstock for direct reduced iron production.
Click here to read the SENS