Kumba Iron Ore is an iron-ore mining company in South Africa.
[7] Kumba Iron Ore Ltd. listed on the JSE in November 2006 with a market capitalization of R36 billion.
By July 2016, production had been halved and workforce cut by 31%, in response to the slump in global iron ore prices.
In 2010, Kumba Iron Ore started legal proceedings against Imperial Crown Trading 289[19] and the Ministry of Mines for the issuance of a mining licence after ArcelorMittal SA did not complete paperwork by the due date and failed to convert their 21.4% undivided share.
[20] This led to the assets reverting to the State, which then awarded the licence to a previously unknown company, Imperial Crown Trading 289.