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Kumba Iron Ore also with a massive trading quarter

Kumba Iron Ore also with a massive trading quarter. My jaw dropped when I read it. Kumba Iron Ore makes some telling points in their trading update 23% increase in total production year-on-year, to 11.5Mt (million metric tonnes), as production from the Jig plant continues to ramp up, increasing by 7% from the fourth quarter of 2009 to 3.3Mt, and reaching levels above nameplate capacity during the quarter. So when the company said that they were looking at 50 million tons for the year next year, you could have been forgiven for thinking that it was a far away target. This proves that it is not the case.


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