Kumba Iron Ore is an iron ore mining

Mining

Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...

 company in South Africa

South Africa

The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

. It is the fourth largest iron ore producer in the world and the largest in Africa.

History

Kumba Iron Ore is a successor of Kumba Resources. Kumba Resources was reorganized in November 2006 when coal and heavy minerals operations were spun-of to newly created company Exxaro Resources.

Operations

Kumba Iron Ore owns 74% in Sishen Iron Ore Company (SIOC). Rest of SIOC is owned by Exxaro, SIOC Employee Share Participation Scheme and the SIOC Community Development Trust. Through the SIOC, Kumba Iron Ore owns Thabazimbi and Sishen iron ore mines.

Ownership

Shareholders of Kumba Iron Ore are:

• Anglo American plc (63.4%)
• Industrial Development Corporation of South Africa Ltd (13.1%)
• Minority shareholders (23.5%)