Kumba’s interim profit trebles on higher iron ore prices
Miner lowers its full-year production forecast after operations run into heavy weather
18 July 2019 - 11:47
Kumba Iron Ore will report a trebling of interim profit because of higher prices for the steel ingredient.
Kumba, which is SA and Africa’s largest iron ore miner and a 70%-owned subsidiary of Anglo American, said its basic earnings for the six months ended June would be in the range of R9.7bn to R10.2bn, compared with R2.9bn in the same period a year earlier...
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