Transcription of THE SOUTH AFRICAN IRON ANd STEEl vAlUE CHAIN
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THE SOUTH AFRICAN IRON ANd STEEl vAlUE CHAIN
THE SOUTH AFRICAN iron ANd STEEl vAlUE CHAINKUMBA iron OREM arch 2011 BACKGROUNd TO KUMBA iron OREK umba iron Ore Ltd is the fifth largest supplier of seaborne iron ore in the world. Operating through its 74%-held subsidiary Sishen iron Ore Company (SIOC), Kumba has two operational mines at Sishen and Thabazimbi, with a third, Kolomela, scheduled to begin production in 2012. Kumba has a market capitalisation of R137 bn and is the 11th largest listed company on the JSE. Kumba generated revenue of bn in 2010, of which bn was from export sales; and operating profit of bn. SIOC, as its operating company, contributes significantly to the fiscus, paying taxes of bn (including secondary taxes).Kumba employs approximately 11 800 employees and contractors, and since 2007 has spent R368 m on skills development. Over the past two years, the company has created 37 new businesses and 360 new permanent jobs.
SECTION 1 AN OvErvIEw Of ThE SOuTh AfrICAN IrON ANd STEEl vAluE ChAIN 1.1 ExECuTIvE SummAry 1 1.2 CONTExT ANd purpOSE 2 1.3 dESCrIpTION Of ThE vAluE ChAIN 2
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