Kumba Iron Ore will supply iron ore to steel mills in the China Mineral Resources Group network from April 2026 to March 2027, under a contract Bloomberg estimates could cover 8 to 10 million tonnes.
Kumba Iron Ore kept its full-year production and sales targets intact despite a 41% drop in interim headline earnings, record Northern Cape rainfall, a stronger rand and sharply higher freight costs.
Kumba Iron Ore has agreed to buy power from a 63MW solar plant that Envusa Energy will build on a waste rock dump at Sishen, with first electricity expected in the fourth quarter of 2027.
Kumba Iron Ore plans a 63MW on-site solar plant at its Sishen mine, developed by Envusa Energy, expected to start operating in the fourth quarter of 2027.
Kumba Iron Ore forecast on 21 July 2026 that headline earnings per share would fall 39-43% in the first half, hit by an 11% rand appreciation against the dollar.
Envusa Energy's 240MW Mooi Plaats solar plant has begun commercial operation, supplying wheeled renewable power to Anglo American-linked miners Kumba Iron Ore, De Beers and Valterra Platinum.
