24
Jun
13:45
South Africa’s Kumba sees half-year earnings soar
Kumba Iron Ore estimates first-half-of-2021 earnings soared at least 150% on-year due to higher average export iron ore prices and a stronger rand/dollar exchange rate. These will most likely reach ZAR 12.6 billion ($884.6 million).
Headline earnings per share is forecasted at ZAR 65.48. This is the main profit measurement used in South Africa.
Kumba, a subsidiary of Anglo American, produces iron ore at the Sishen and Kolomela mines in South Africa’s Northe…
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Anonymous
Very good overview of the weekly steel market.
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