Mining News

Cash-flush Kumba Iron Ore reports record earnings in exceptional year of delivery

Iron-ore mining and marketing company Kumba Iron Ore delivered record earnings of R64.6-billion in 2021, when it accumulated 47%-higher attributable free cash flow of R30.5 billion. The average realised export price of $161/t was 18% above benchmark helped the company to achieve a 63% earnings margin. Return on capital employed rose to 147%.

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