Wrap Text
Voluntary announcement relating to the Anglo American disclosure on progress towards full GISTM conformance
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba” or “the Company”)
Voluntary announcement relating to the Anglo American disclosure on progress towards full GISTM conformance
Kumba’s shareholders are advised that Anglo American plc (“Anglo American”), the company’s majority shareholder, has announced today that it has set out its
significant progress towards bringing its 12 tailings storage facilities (TSFs), including Kumba’s TSFs, that are currently within the two highest potential
consequence categories into full conformance with the Global Industry Standard on Tailings Management (GISTM).
The GISTM is the first global standard on tailings facility management and sets a purposely high bar for the mining industry to attain – integrating social,
environmental, local economic and technical considerations for every facility, towards the goal of zero harm to people and the environment.
Anglo American is continuing to work towards conformance in respect of its TSFs that are within the other three lower consequence categories by August 2025,
in line with the commitment made by all International Council on Mining and Metals (ICMM) member companies.
Anglo American is confident in the integrity of its TSFs, which comply with regulatory requirements in the countries where they are located.
The full Anglo American RNS can be found on the website at: https://www.angloamerican.com/investors/regulatory-news
Further information on Kumba’s tailings storage facility safety management is available on our Company website at:
https://www.angloamericankumba.com/sustainability/managing-tailings-safely
Rosebank
4 August 2023
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company Secretary
Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 12 683 7060
Mobile: +27 83 297 2293
Investors Media
Penny Himlok Sinah Phochana
penny.himlok@angloamerican.com sinah.phochana@angloamerican.com
Tel: +27 12 622 8324 Tel: +27 12 683 7019
Mobile: +27 82 781 1888 Mobile: +27 76 066 0655
Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba
produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers around the globe including
in China, Japan, South Korea and a number of countries in Europe and the Middle East.
www.angloamericankumba.com
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-
class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner,
greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we
use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely
and sustainably.
As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore and steelmaking coal – with crop
nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a
series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work
together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and
countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com
Forward-looking statements
This announcement includes forward-looking statements. All statements other than statements of historical facts included in this announcement, including,
without limitation, those regarding Kumba’s financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of
management for future operations (including development plans and objectives relating to Kumba’s products, production forecasts and Ore Reserves and
Mineral Resource estimates), are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or achievements of Kumba, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Kumba’s present and future business strategies and the environment in which
Kumba will operate in the future. Important factors that could cause Kumba’s actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, mineral
resource exploration and development capabilities, recovery rates and other operational capabilities, the effects of global pandemics and outbreaks of infectious
diseases, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure,
the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political
uncertainty and economic conditions, the actions of competitors, activities by governmental authorities such as permitting and changes in taxation or safety,
health, environmental or other types of regulation, conflicts over land and resource ownership rights and such other risk factors identified in Kumba’s most
recent Integrated Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on
forward-looking statements.
These forward-looking statements speak only as of the date of this announcement. Kumba expressly disclaims any obligation or undertaking (except as required
by applicable law, the Takeover Regulation Panel, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the Financial Sector
Conduct Authority and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect
any change in Kumba’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in
this announcement should be interpreted to mean that future earnings per share of Kumba will necessarily match or exceed its historical published earnings per
share.
Certain statistical and other information about Kumba included in this announcement is sourced from publicly available third-party sources. As such, it has not
been independently verified and presents the views of those third parties, though these may not necessarily correspond to the views held by Kumba and Kumba
expressly disclaims any responsibility for, or liability in respect of, such third-party information.
Date: 04-08-2023 09:00:00
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