By Shaun Murison The JSE all-share Index is trading 0.7% lower in morning trade led by a weaker resource sector which has declined 9 tenths of a percent. Losses are however broad-based today with financials and industrial sectors both having given up around half a percent. In Company News, Anglo American PLC released a production report for its … Read more
Kumba Iron Ore has released its second quarter production and sales report. Kumba holds a current market cap of R110 billion, with a PE ratio of 7.11 and dividend yield of 11.7%. Kumba’s share price has decreased by just under 27% over the last year. Overview of results: Total production increased by 2% compared to … Read more
JOHANNESBURG (Reuters) –Â South Africa’s Kumba Iron Ore expects first-half headline earnings to decline by as much as 19 percent to between 19.50 and 21.50 rand per share compared to a year ago, hurt by a fall in export prices. Kumba shares turned negative on the news, losing 0.1 percent at 1034GMT. The South African mining … Read more
Although Anglo American’s iron ore subsidiary Kumba had to go to court to fight off an attempted hijacking of its mineral rights by the politically connected Gupta family, it retains confidence in the SA legal processes. The company expects to secure another important mining licence during the first half of 2014. Seeing the SA mining … Read more