The JALSHAll Share decreased 16969 points or 29.40% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. Historically, the South Africa Stock Market reached an all time high of 61776.68 in January of 2018.
South Africa's largest iron ore producer Kumba Iron Ore on Tuesday posted a 28 percent drop in fullyear earnings. Kumba said net profit for the year ended December 31 totalled R12.3 billion, down from R17.3 billion the year before, hit by lower export prices, rising costs and a strike at its flagship Sishen mine, which is not back to full production after it was shut for two weeks in October.
Jul 31, 20100183;32;Saldanha Bay, Mittal amp; Kumba agree on iron ore pricing. ArcelorMittal South Africa expected thirdquarter earnings would decline from the second quarter as the company grappled with lower international steel prices, falling demand and higher input costs, chief executive Nonkululeko NyembeziHeita said yesterday.
Kumba Iron Ore is a successor of Kumba Resources. Kumba Resources was listed on the JSE in 2001. Kumba Resources was reorganized in November 2006 when coal and heavy minerals operations were spun off to newly created companies Kumba Iron Ore (Heavy minerals) and Exxaro Resources(Coal).
Kumba Iron Ore Limited (Kumba) is a supplier of iron ore to the global steel industry. The Company is engaged in the exploration, beneficiation, marketing, sale and shipping of iron ore. The Company's segments include Sishen mine, Kolomela mine, Thabazimbi mine, Logistics, Shipping operations and Other. The Company operates primarily in South
Kumbas flagship project is the Sishen mine in the Northern Cape, which accounted for 70% of the groups production (or 31.4Mt) in 2015. Also in the Northern Cape, Kolomela mine is the companys newest operation and contributes around 12Mt of iron ore per year.Thabazimbi mine in Limpopo is the companys other asset, producing approximately 1Mt per year.
Feb 19, 20190183;32;Kumbas flagship project is the Sishen mine in the Northern Cape, which accounted for 70% of the groups production (or 31.4Mt) in 2015. Also in the Northern Cape, Kolomela mine is the companys newest operation and contributes around 12Mt of iron ore per year.Thabazimbi mine in Limpopo is the companys other asset, producing approximately 1Mt per year.
Kumba Iron Ore Limited (Kumba or the company or the group) announces its results for the six months ended 30 June 2016. SAFETY. The focus on safety remains the key priority for the group. Regrettably, two of our colleagues lost their lives in the first six months of the year. Waste guidance remains at ~4648 Mt in 2016
By Olivia KumwendaMtambo and Ed Stoddard. JOHANNESBURG (Reuters) South Africa's Kumba Iron Ore On Tuesday hailed the vastly improved labour relations it had achieved since suffering a crippling and violent illegal strike in 2012, setting an example for the country's turbulent mining sector.
Kumba Iron Ore is a successor of Kumba Resources. Kumba Resources was listed on the JSE in 2001. Kumba Resources was reorganized in November 2006 when coal and heavy minerals operations were spun off to newly created companies Kumba Iron Ore (Heavy minerals) and Exxaro Resources(Coal).