22
Feb
10:30
Strong iron ore, premiums elevate Kumba earnings
South African miner Kumba saw revenue surge 27% on-year in 2021 to ZAR 102.1 billion ($6.73 billion) on strong iron ore prices and Kumba’s capturing of product premium above market levels, Kallanish notes.
“Stronger market prices and higher premium for our products were partially offset by a 10% strengthening of the currency and higher operating expenses due to increased mining activities compared to 2020, which was impacted by the Covid-19 p…
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Very good overview of the weekly steel market.
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