|
Kumba -
Total production volumes were broadly flat at 10.5 million tonnes, with
increased production at Sishen offset by lower volumes from Kolomela.
Sishen’s
production increased by 2% to 7.2 million tonnes compared to Q3 2018 when
production was reduced to manage stock levels arising from rail
constraints.
Kolomela’s
production decreased by 3% to 3.4 million tonnes, as planned, due to an
infrastructure upgrade at the DMS plant, which is scheduled to reopen in
the fourth quarter.
Total
sales decreased by 3% to 10.2 million tonnes, driven by domestic sales
declining by 36% to 0.5 million tonnes due to lower customer off-take,
while export sales were broadly flat at 9.7 million tonnes. Total finished
stock increased to 5.1 million tonnes from 4.5 million tonnes at Q2 2019,
as a result of the scheduled refurbishment of a ship loader.
In
the third quarter, the ratio of lump to fines in the Kumba product was
66:34.
Minas-Rio -
Production of 6.1 million tonnes was driven by continued strong
operational performance and stability due to higher grade ore from the
Step 3 mine area and productivity initiatives. The construction of the
scheduled tailings dam raise was completed in August and approval for the
conversion of the installation licence to an operating licence is expected
by year-end.
Full Year Guidance
Production
guidance for Kumba is unchanged at 42-43 million tonnes.
Minas-Rio
production guidance for 2019 is increased to 20-22 million tonnes
(previously 19-21 million tonnes) based on continued strong performance.
T1: Overview
|
|
Q3 2019
|
Q3 2018
|
Q3 2019 vs. Q3 2018
|
Q2 2019
|
Q3 2019 vs. Q2 2019
|
YTD 2019
|
YTD 2018
|
YTD 2019 VS YTD 2018
|
|
Iron ore – Kumba (000t)
|
10,521
|
10,508
|
0%
|
10,544
|
0%
|
30,582
|
32,936
|
-7%
|
|
Iron ore – Minas-Rio (000t)(wet basis)
|
6,126
|
—
|
n/a
|
5,916
|
4%
|
16,951
|
3,155
|
n/a
|
T2: Iron Ore Production by Mines
|
Iron Ore(tonnes)
|
Q3 2019
|
Q2 2019
|
Q1 2019
|
Q4 2018
|
Q3 2018
|
Q3 2019 vs. Q2 2019
|
Q3 2019 vs. Q3 2018
|
YTD 2019
|
YTD 2018
|
YTD 2019 VS YTD 2018
|
|
Kumba Iron Ore
|
10,521,300
|
10,544,000
|
9,516,300
|
10,170,200
|
10,508,400
|
0%
|
0%
|
30,581,600
|
32,935,500
|
-7%
|
|
Lump
|
6,955,500
|
7,111,400
|
6,544,600
|
6,878,600
|
7,159,800
|
-2%
|
-3%
|
20,611,500
|
22,292,900
|
-8%
|
|
Fines
|
3,565,800
|
3,432,600
|
2,971,700
|
3,291,600
|
3,348,600
|
4%
|
6%
|
9,970,100
|
10,642,600
|
-6%
|
|
By mine:
|
|
|
|
|
|
|
|
|
|
|
|
Sishen
|
7,153,500
|
7,310,400
|
6,446,600
|
6,960,500
|
7,030,600
|
-2%
|
2%
|
20,910,500
|
22,285,500
|
-6%
|
|
Kolomela
|
3,367,800
|
3,233,600
|
3,069,700
|
3,209,700
|
3,477,800
|
4%
|
-3%
|
9,671,100
|
10,650,000
|
-9%
|
|
Kumba sales volumes
|
|
|
|
|
|
|
|
|
|
|
|
Export iron ore
|
9,670,200
|
9,755,600
|
10,130,600
|
10,723,200
|
9,736,700
|
-1%
|
-1%
|
29,556,400
|
29,242,500
|
1%
|
|
Domestic iron ore
|
483,600
|
716,300
|
748,000
|
868,200
|
755,600
|
-32%
|
-36%
|
1,947,900
|
2,422,900
|
-20%
|
|
Minas-Rio production
|
|
|
|
|
|
|
|
|
|
|
|
Pellet feed (wet basis)
|
6,126,100
|
5,915,500
|
4,909,700
|
226,700
|
—
|
4%
|
n/a
|
16,951,300
|
3,155,200
|
n/a
|
|
Minas-Rio sales volumes
|
|
|
|
|
|
|
|
|
|
|
|
Export – pellet feed (wet basis)
|
5,734,500
|
6,590,400
|
4,031,400
|
—
|
—
|
-13%
|
n/a
|
16,356,300
|
3,216,800
|
n/a
|
Related Link: Official
Announcement
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837) |
