Company Data
| Last traded |
R261.89 |
| Change |
R-3.11 |
| % Change |
-1.17% |
| Cumulative volume |
4.99m |
| Market cap |
R351.71bn |
| Last traded |
R512.00 |
| Change |
R-3.00 |
| % Change |
-0.58% |
| Cumulative volume |
249,359 |
| Market cap |
R164.89bn |
| Last traded |
R52.45 |
| Change |
R0.40 |
| % Change |
0.77% |
| Cumulative volume |
655,769 |
| Market cap |
R23.38bn |
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Johannesburg -
Kumba Iron Ore [JSE:KIO] said on Friday it expects first-half headline earnings per share to rise due to higher export iron ore prices and sales volumes.
Kumba, a unit of global miner
Anglo American [JSE:AGL] and the world's 10th largest producer of iron ore, said headline earnings per share were expected to be between 1 900c to 2 055c, up from 1 076 cents in the comparable six-month period.
"The increase in earnings is largely attributable to an increase in export iron ore prices and a 10% increase in export sales volumes in the period," Kumba said in a statement.
Kumba, currently involved in an iron ore supply dispute with
ArcelorMittal SA [JSE:ACL], said it had accounted for revenue at plus 3 percent of cost to the steelmaker in determining earnings for the period in the absence of agreement on an interim price.
Kumba in February terminated the long-term deal under which it sold ore to ArcelorMittal South Africa at a discount and said it would then sell to the steelmaker at market rates from March.
- Reuters