Mining News

Kumba shares R89bn of value created in 2021 with stakeholders

South Africa’s biggest iron-ore producers and marketer, Kumba Iron Ore, has shared R89-billion of the value it created in 2021 with its stakeholders, with more than R21-billion going to the government in tax revenues and mineral royalties. The Johannesburg-listed Anglo American group company increased capital investment by 30% to R8-billion, “and this not only benefits the life of our operations, but represents our commitment to investing in our country and local communities”, new Kumba CEO Mpumi Zikalala pointed out at the company’s presentation of spectacular financial results. (Also watch attached Creamer Media video.)

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