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【Ferro-alloys.com】:Kumba lron Ore, based in South Africa, has published its annual report for2023, which includes its annual results as well as strategies for the future.

The company created a shared value of USD 4.73 billion. The report reported an FOB export price of 117 tonnes USD and a 15% increase in the benchmark. This increase shows that the company's products have gained value and are in demand.Kumba lron Ore achieved low unit costs with cost savings. In addition, it was stated that the company's cash flow to all shareholders is on the rise, emphasising that its financial health is strong.

According to Kumba Iron Ore's statements, the company aims to reduce its production profile and increase cost competitiveness. This plan is expected to help the company achieve its long-term growth and sustainability goals.

The report emphasised the commitment to the safety and well-being of employees and communities. It is stated that the frequency rate of total recordable occupational safety incidents has decreased significantly.

• [Editor:Alakay]