25
Jul
10:58
South African miner Kumba’s first-half earnings shrink
Low iron ore prices, partially offset by weaker local currency, and reduced sales saw Kumba’s Ebitda shrink in the first half of 2023 by 14.3% on-year to ZAR 19.8 billion ($1.12 billion), Kallanish notes.
The Anglo-American subsidiary realised an attributable free cash flow of ZAR 7.9 billion in H1 versus last year's ZAR 9.7 billion. Closing net cash of ZAR 13.8 billion was registered in H1, Kumba says in its interim financial report witho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous