Kumba Resources Limited - Transnet Limited & Kumba Resources Limited
KUMBA RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: KMB
ISIN Number: ZAE000034310
(`Kumba`)
26 January 2005
National transport company Transnet Limited (Transnet) and diversified metals
and mining company Kumba Resources Limited (Kumba) today jointly announced that
they have signed a Heads of Agreement regarding a new contract for the transport
and handling of iron ore from the Northern Cape through the Sishen-Saldanha
export channel.
The Heads of Agreement provides for the pricing mechanism to be a Rand-based
tariff and caters for Kumba`s current growth plans to increase iron ore exports.
The elements contained in the Heads of Agreement will be adopted in a new
Definitive Agreement which, subject to the approval of the Transnet and Kumba
boards, is expected to be concluded during the first quarter of 2005.
This new agreement will make a positive contribution to the growth of South
Africa`s iron ore industry and enhance the good co-operation between Transnet
and Kumba.
ends
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, heavy minerals, coal,
base metals and industrial minerals. www.kumbaresources.com
For enquiries:
KUMBA RESOURCES
Mike Kilbride
Executive Director: Business Operations
Tel: +27 (0) 12 307 3488; +27 (0) 83 609 1122
Trevor Arran
General Manager: Corporate Affairs & Investor Relations
Tel: +27 (0) 12 307 3292; +27 (0) 83 609 1444
TRANSNET
Charlotte De La Harpe
Tel: +27 (0) 11 308 2384; +27 (0) 83 287 7773
Date: 26/01/2005 12:55:04 PM
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