Africa’s largest iron ore producer, Kumba, has flagged a R12.6bn profit surge in its six months to end-June, as it cashes in on soaring prices for the steelmaking component.

On Thursday Kumba also announced Terence Goodlace, a mining veteran of 40 years’ experience in SA mining, is its new chair, taking over from Mandla Gantsho who stepped down in May...

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