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Kumba Iron Ore Sees 5% Production Decline, Sales Rise
Feb. 17, 2012 02:46PM PST
Base Metals Investing Mining Weekly reported Kumba Iron Ore (FWB:KUI) said its production has fallen 5% due to exceptional rain fall at its Sishen mine.
Mining Weekly reported Kumba Iron Ore (FWB:KUI) said its production has fallen 5% due to exceptional rain fall at its Sishen mine.
As quoted in the market news:
The company’s newest addition, the Kolomela mine, in the Northern Cape, could not bolster production levels enough to reach the company’s targets, despite delivering five months ahead of schedule.
Sishen mine’s production decreased by 9% to 25.4-million tons owing to mining feedstock constraints and challenging wet pit conditions as a result of excessive rainfall.
