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Kumba Iron Ore signs contract for iron ore mining

Kumba Iron Ore signs contract for iron ore mining at Kolomela mine.

Kumba Iron Ore signs contract for iron ore mining

Kumba Iron Ore has signed a mining contract for ZAR 1.6 billion with a community joint venture for iron ore mining at the Kolomela mine in the Northern Cape.

The joint venture, comprising four community-owned companies, will begin mining activity in the first quarter of 2022, with an initial production goal of 5-10 million tons of iron ore in the first year.

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