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Article: South Africa: Kumba Iron Ore on track for 10% production boost, Anglo setting up Brazil-SA iron-ore marketing, Zimbabwe strategising to reopen closed mines.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
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Byline: manish03
South African iron-ore producer Kumba Iron Ore (KIO) increased its year-on-year output by 12%, to 11,3-million tons, during the third quarter of the year, remaining on track to meet its target of increasing production by an overall 10% in the 2009 financial year.
Read on page 23 of this edition of Mining Weekly of the 11,3-million tons produced in the September quarter being 15% higher than the 9,8-million tons produced in the June quarter. KIO CEO Chris Griffith noted continued success in redirecting lost export contract volumes to China, but also signs of recovery from European, Japanese and Korean markets. As a result, the export ...