Kumba Iron Ore Limited announced production results for the fourth quarter and full year ended 31 December 2022. Production increased by 3% to 10.0 Mt in Fourth Quarter 2022 (Q4 2021: 9.7 Mt).

However, for the full 2022 year, production decreased by 8% to 37.7 Mt (2021: 40.9Mt) due to operational headwinds at Kolomela as well as rail constraints, including industrial action at Transnet, resulting in high levels of finished product stock at the mines, where stockpile levels have reached capacity.