Kumba Iron Ore Limited provided production guidance for the year 2022, 2023 and 2024. This outlook is reflected in production and sales guidance for 2022 of between 39 million and 41 million tonnes to ensure that the company maintain a balanced value chain.

For 2023, the company have kept the production guidance the same due to the tie-in of the UHDMS plant. In preparation for this, the company are also maintaining a higher stock buffer at mines this year. The company expects to complete the final handover of the UHDMS plant in the first half of 2024.

And in line with this, the company have increased production guidance to between 41 million and 43 million tonnes for 2024.