The report highlights Kumba's response to the challenging market conditions in 2015, marked by a significant decline in the iron ore price and heightened competition, which led to a focus on cost reduction and value creation, resulting in a reduction of controllable costs by R4 billion and net debt by R4.6 billion. Kumba reconfigured the Sishen mine pit to a lower-cost shell, suspended dividends, and implemented a new Operating Model to enhance operational efficiencies. The report also emphasizes the importance of maintaining strong stakeholder relationships and responsible citizenship, and provides details on the Company's environmental performance, safety record, and community engagement activities.
Issuing Company Kumba Iron Ore Limited
Report Type Integrated Report
Report Language EN
Report Filesize 6.98 MB
No. of Pages 106 pages
Reporting periodJanuary 1, 2015-December 31, 2015
Report Edition5
Assurance Provider Deloitte and Touche; PricewaterhouseCoopers (PwC)
Reporting Standards IFRS; IIRC's International Framework; GRI's G4 Sustaina...
Materiality Assessmenttrue