Kumba Iron Ore says output up 8% in 2017

JOHANNESBURG – Kumba Iron Ore said on Tuesday its headline earnings per share rose 12 percent to R30.47 in the year to December, from R27.30 in 2016.

The company declared a final cash dividend of R15 per share, with total dividend of R30.97 per share.

Kumba said total production increased by eight percent to 45 million tonnes, due to significant productivity improvements at its main Sishen mine, which achieved 31.1 million tonnes, while Kolomela delivered 13.9 million tonnes.

Total sales rose six percent to 44.9 million tonnes and total export volumes were up seven percent to 41.6 million tonnes compared with 2016.

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