BRIEF-Kumba Iron Ore Says Scaling Down Operations To Impact 2020 Production Forecast

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  • Stock Market News
BRIEF-Kumba Iron Ore Says Scaling Down Operations To Impact 2020 Production Forecast
Credit: © Reuters.

March 27 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :

* KUMBA IRON ORE LTD - SCALING DOWN OPERATIONS WILL IMPACT COMPANY'S 2020 PRODUCTION GUIDANCE OF BETWEEN 41.5MT AND 42.5MT

* KUMBA IRON ORE LTD - IN LINE WITH SOUTH AFRICAN GOVERNMENT REQUIREMENTS, KUMBA HAS STARTED TO IMPLEMENT ALL APPROPRIATE MEASURES ACROSS ITS OPERATIONS

* KUMBA IRON ORE LTD - EXPECT A 2020 PRODUCTION VOLUME IMPACT OF BETWEEN 2 AND 3MT (BASED ON C.50% REDUCTION IN WORKFORCE)

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