Fidelity All-in-One Balanced Fund (FBAL)

Overview

Kumba Iron Ore Limited, a prominent entity in the mining sector, was incorporated in 2005 and has established its headquarters in Johannesburg, South Africa. As a subsidiary of Anglo South Africa (Pty) Ltd, Kumba Iron Ore Limited specializes in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore primarily for the steel industry. The company has established a significant presence not only in South Africa but also extends its services to a global clientele, including major markets in China, the rest of Asia, Europe, the Middle East, and North Africa. The operations of Kumba Iron Ore Limited are not confined to the mining of iron ore; it also includes the management of a port in Saldanha Bay, located in the Western Cape Province, facilitating the seamless shipping of its products to an international market.

Products and Services

• Iron Ore Production

  Kumba Iron Ore Limited is at the forefront of iron ore mining, with its operations concentrated in the Northern Cape Province of South Africa. The company extracts iron ore primarily at two major mines - Sishen and Kolomela. These mining sites are renowned for their high-quality iron ore, which is then beneficiated to enhance its value before being marketed and sold to the steel industry. Kumba's iron ore is crucial for steel manufacturing processes, serving both domestic and international steel producers.

• Port Operations

  In addition to its mining and beneficiation activities, Kumba Iron Ore Limited plays a pivotal role in the operation of a port located in Saldanha Bay, Western Cape Province. This port is strategically important for the company as it serves as the main exporting hub for its iron ore to global markets. The port's efficient operations ensure the timely and safe shipping of iron ore, thereby fulfilling the company's commitment to reliability and customer satisfaction in its delivery schedules.