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Kumba, Anglo to explore Liberia

Sep 06 2012 13:43 Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 291.72
Change 0.71
% Change 0.00
Cumulative volume 1643575
Market cap 410.00bn

Last Updated: 28/07/2014 at 03:40. Prices are delayed by 15 minutes. Source: McGregor BFA

KUMBA IRON ORE LIMITED [JSE:KIO]

Last traded 372.43
Change 2.12
% Change 0.01
Cumulative volume 296865
Market cap 119.95bn

Last Updated: 28/07/2014 at 03:43. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Kumba Iron Ore [JSE:KIO] and Anglo American [JSE:AGL] have entered into an exploration deal in Liberia with private investment company Jonah Capital, which holds several licences in the west African country.

Kumba and Anglo American will spend $10.5m over three years to search for the steel-making ingredient at Gbarnga and Kalasi, Jonah Capital said in a statement on its website dated August 31.

Shares of Anglo American - which holds a 69.7% stake in Kumba - were 1.6% higher in Johannesburg and those of Africa’s largest iron producer had gained 0.9% at 09:21 GMT.


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