
Kumba Iron Ore will sell iron ore procured from its Sishen and Thabazimbi mines to AMSA at a price that includes the cost of production and a 20 per cent margin. (Image source: Wikimedia Commons)
Kumba Iron Ore, a subsidiary of miner Anglo American Plc, has signed an agreement with ArcelorMittal South Africa (AMSA) to supply 6.25mn metric tonnes of iron ore annually to the steel manufacturer