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KMB
KMB
Kumba - Ship Loader Breakdown Affects Kumba"s Iron Ore Exports
KUMBA RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: KMB
ISIN Number: ZAE000034310
("Kumba")
SHIP LOADER BREAKDOWN AFFECTS KUMBA"S IRON ORE EXPORTS
Diversified metals and mining company Kumba Resources Limited (Kumba)
today announced that exports of iron ore from the port of Saldanha have
been disrupted following a breakdown of one of the two ship loaders
operated by SA Port Operations (SAPO).
An independent investigation has been launched and details on the cause
of the breakdown and the necessary repair programme will be communicated
once the investigation has been completed. At this stage the extent of
the repairs required is unknown.
An immediate result of the ship loader breakdown is that no iron ore will
be loaded at the port until the conveyor route feeding the second ship
loader is restored. SAPO is working around the clock to restore the feed
system to the operational ship loader. Initial indications are that this
could take 2 - 3 weeks, but contingency plans, currently being developed,
will aim to minimise this.
The breakdown will delay Kumba"s short term iron ore export schedule but
trains from the Sishen mine to Saldanha Bay remain fully operational and
the port"s iron ore stockpile capacity will allow continued feed to
Saldanha Bay.
Kumba regrets the impact this development may have on some of its
customers and is taking steps to minimise potential disruptions.
Customers will be kept abreast of developments on an ongoing basis.
In the first six months of the 2006 financial year ended 30 June, Kumba
exported 11,2Mtpa of iron ore through the port. The impact of this
breakdown on tonnages for the second six months of the year will only be
determined once the second ship loader is operational.
Editor"s Note:
Kumba Resources Limited, one of the largest South African-based mining
companies listed on the JSE Securities Exchange, is a focused metals and
mining company with a diverse commodity portfolio consisting of iron ore,
coal, mineral sands, base metals and industrial minerals.
www.kumbaresources.com
Enquiries:
Trevor Arran
General Manager: Corporate Affairs & Investor Relations
Tel: +27 (0) 12 307 3292
Mobile: +27 (0) 83 609 1444
28 September 2006
Sponsor: J.P,Morgan Equities limited
Date: 28/09/2006 02:28:03 PM Produced by the JSE SENS Department
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