Johannesburg - Iron ore producer Kumba Iron Ore [JSE:KIO]
reported a drop in first-half profit due to a sharp drop in iron ore prices but
still declared an interim dividend of R19.20 a share.
Africa’s largest producer of the steel making ingredient
said production was up 13% in the six months to end June to 21.6 million tonnes
with export sales up by the same amount to 20.7 million tonnes.
At 07:25 GMT, Kumba shares were down 0.9% at R562.02 after falling as low as R556.65.