26
Jul
11:19
Kumba earnings shrink on low iron ore prices
Low iron ore prices and reduced production saw Kumba’s Ebitda shrink in the first half of 2022 by 48% on-year to ZAR 23.1 billion ($1.37 billion), Kallanish notes. This is despite the miner’s ability to capture product premium above market levels.
The Anglo American subsidiary realised an attributable free cash flow of ZAR 9.7 billion in H1 versus last year's ZAR 31.5 billion. Closing net cash of ZAR 17.6 billion was registered in the fir…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous