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Kumba Iron Ore Ltd (KIOJ.J)

KIOJ.J on Johannesburg Stock Exchange

19,313.00ZAc
21 Aug 2017
Change (% chg)

379.00 (+2.00%)
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Latest Key Developments (Source: Significant Developments)

Kumba Iron appoints Mandla Gantsho as independent director and chairman designate
Tuesday, 25 Jul 2017 02:05am EDT 

July 25 (Reuters) - KUMBA IRON ORE LTD ::FANI TITI INTENDS TO STEP DOWN FROM BOARD WITH EFFECT FROM 30 SEPTEMBER 2017.MANDLA GANTSHO HAS BEEN APPOINTED AS AN INDEPENDENT DIRECTOR AND CHAIRMAN DESIGNATE.GANTSHO WILL JOIN BOARD ON 1 AUGUST 2017 AND WILL SUCCEED TITI AS CHAIRMAN ON 1 OCTOBER 2017, AFTER HANDOVER PERIOD OF TWO MONTHS.  Full Article

Kumba Iron Ore to resume dividend payment; HY HEPS of 14.4 rands
Tuesday, 25 Jul 2017 02:04am EDT 

July 25 (Reuters) - Kumba Iron Ore Ltd ::BOARD HAS DECIDED TO RESUME PAYING A DIVIDEND.BOARD HAS DECIDED TO PAY AN INTERIM CASH DIVIDEND OF R15.97 PER SHARE.FOR HY TOTAL TONNES MINED AT SISHEN INCREASED BY 11% TO 92.9 MT (1H16: 83.7 MT).FOR HY TOTAL TONNES MINED AT KOLOMELA MINE INCREASED BY 21% TO 32.2 MT, (1H16: 26.7 MT).FOR HY TOTAL TONNES MINED WERE 125 MT, A 13% INCREASE.KUMBA ACHIEVED AN AVERAGE CASH BREAK-EVEN PRICE OF US$43/TONNE (CFR CHINA) IN THE FIRST SIX MONTHS OF 2017.HY HEADLINE EARNINGS INCREASED BY 53% TO R4.6 BILLION (1H16: R3 BILLION).ATTRIBUTABLE AND HEADLINE EARNINGS FOR HY WERE R14.37 AND R14.42 PER SHARE RESPECTIVELY.  Full Article

Kumba Iron Ore says Q2 total production up 28 pct
Thursday, 20 Jul 2017 03:00am EDT 

July 20 (Reuters) - Kumba Iron Ore Ltd ::Qtrly Sishen production up 38 pct to 7.9MT due to improved mining productivity.Qtrly export sales up 8 pct to 9.4MT on back of a 28 pct increase in total production.Q2 Kolomela production increased to 3.5MT, up 11 pct compared to Q2 2016, due to productivity improvements.  Full Article

Kumba Iron Ore sees ‍HY HEPS up between 46-58 pct​
Friday, 14 Jul 2017 02:44am EDT 

July 14 (Reuters) - Kumba Iron Ore Ltd ::‍hy heps is likely to be between r13.70 and r14.85, an increase of between 46 pct and 58 pct​.  Full Article

Kumba Iron Ore says appoints Bothwell Mazarura as CFO
Thursday, 6 Jul 2017 08:23am EDT 

July 6 (Reuters) - Kumba Iron Ore Ltd :Appointment of Bothwell Mazarura as chief financial officer and executive director.  Full Article

S.Africa's Competition Commission approves Arcelormittal, Kumba Iron Ore deal
Tuesday, 30 May 2017 05:06am EDT 

May 30 (Reuters) - South Africa's Competition Tribunal: :Arcelormittal SA, Kumba Iron Ore deal for Thabazimbi mine approved by South Africa's Competition Commission without conditions.  Full Article

SA's competition body backs clearing ArcelorMittal S.Africa's Thabazimbi deal
Thursday, 25 May 2017 08:37am EDT 

May 25 (Reuters) - South Africa's Competition Commission::Recommended to tribunal to approve ArcelorMittal South Africa's <<>> acquisition of Thabazimbi mine from Sishen Iron Ore Co.Commission finds that proposed transaction is unlikely to substantially prevent or lessen competition in affected markets.  Full Article

Kumba Iron Ore sees HEPS for six months to June 30 to be at least 1.88 rand per share
Thursday, 11 May 2017 06:05am EDT 

May 11 (Reuters) - Kumba Iron Ore Ltd ::For Six months to June 30 sees HEPS and EPS to be at least R1.88 and at least R1.86 per share, up atleast 20%.  Full Article

Kumba Iron Ore Sishen qtrly production up 31 pct
Monday, 24 Apr 2017 02:00am EDT 

April 24 (Reuters) - Kumba Iron Ore Ltd ::Sishen qtrly production up 31 pct to 7.7mt due to increased plant throughput.Export sales up 7 pct to 10.1mt as a result of a 17 pct increase in total production for quarter.Kolomela production increased by 3 pct to 2.8mt compared to Q1 2016, driven by higher plant throughput.  Full Article

Kumba Iron Ore says CFO Frikkie Kotzee to step down
Tuesday, 14 Feb 2017 12:06am EST 

Kumba Iron Ore Ltd : Says chief financial officer to step down . Says Frikkie Kotzee, chief financial officer and executive director of company, has decided to step down from his role after five years. .Says board will now begin a search process of internal and external candidates to identify a successor..  Full Article