KIO - Kumba Iron Ore Limited - Kumba benchmark price negotiations for the
KIO
KIO
KIO - Kumba Iron Ore Limited - Kumba benchmark price negotiations for the
2008/2009 iron ore year
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")
KUMBA BENCHMARK PRICE NEGOTIATIONS FOR THE 2008/2009 IRON ORE YEAR
Kumba is pleased to announce the conclusion of benchmark price negotiations for
the 2008/2009 iron ore year, well aligned with leading settlements reached
earlier by other iron ore producers. Due to the higher lump ore weighting of
Kumba`s product mix, combined with a weakening of the Rand, the average
benchmark export price for Kumba products is expected to rise by approximately
100%-110% on a Rand/ton basis.
03 October 2008
Centurion
Sponsor to Kumba
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/10/2008 08:00:09 Produced by the JSE SENS Department.
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