On the back of record annual operating profit, Kumba Iron Ore has issued notices of potential retrenchment to 1,620 employees, union Solidarity said on Friday.

Kumba, Africa’s largest iron ore miner, has, in recent weeks, announced two large investments in its Sishen and Kolomela mines totalling R10.6bn. It said it delivered nearly R21bn of free cash flow during 2020 and paid out a total dividend of R60.90 a share, which was 86% of headline earnings...

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