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Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost

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Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and society at large. From a financial perspective, Kumba delivered earnings before interest, taxation, depreciation and amortisation (Ebitda) of R44.4-billion, underpinned by higher realised iron-ore prices and a focus on cost containment, and a return on capital employed of 225%.

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