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US jobsIn the week ending Jan 15, the advance figure for seasonally adjusted initial claims was 286 000, an increase of 55 000 from the previous week's revised level. The previous week's...
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Kumba Iron Ore News & Analysis
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BRIEF-Kumba Iron Ore Qtrly Total Production Up 10% To 10.6Mt
April 22 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* JSE: KIO - KUMBA PRODUCTION AND SALES REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2021* KUMBA IRON ORE - KUMBA HAS MAINTAINED ITS FULL YEAR...
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South African Markets - Factors to watch on April 22
JOHANNESBURG, April 22 - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday. COMPANIES Kumba Iron...
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UPDATE 2-South African miner Exxaro names Tsengwa CEO designate
(Adds share price)JOHANNESBURG, March 18 (Reuters) - Exxaro Resources Ltd 's EXXJ.J Chief Executive Officer Mxolisi Mgojo will retire in May 2023 and be succeeded by managing director of...
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South Africa's Kumba Iron Ore says chairman to retire
March 10 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J said on Wednesday Mandla Gantsho plans to retire as chairman after four years in the role.The miner said it is in the process of...
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BRIEF-Kumba Iron Ore Says Mandla Gantsho Intends To Retire As Chairman
March 10 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* JSE: KIO - KUMBA CHAIRMAN TO RETIRE* KUMBA IRON ORE - MANDLA GANTSHO INTENDS TO RETIRE AS CHAIRMAN
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BRIEF-Kumba Iron Ore Posts FY Basic HEPS 71.07 Rand Per Share
Feb 23 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* JSE: KIO - EXTRACTS FROM THE PROVISIONAL AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 AND CASH DIVIDEND DECLARATION* FY EBITDA 45.8...
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South African Markets - Factors to watch on Feb. 23
JOHANNESBURG, Feb 23 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on...
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South Africa's Kumba Iron Ore flags annual earnings jump
JOHANNESBURG, Jan 28 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J expects annual earnings to rise by as much as 44%, boosted by strong iron ore prices and a weaker rand-to-dollar...
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BRIEF-Kumba Iron Ore Ltd FY Total Production Down 13%
Jan 28 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* JSE: KIO - KUMBA PRODUCTION AND SALES REPORT FOR THE FOURTH QUARTER, AND TRADING STATEMENT, FOR THE YEAR ENDED 31 DECEMBER 2020* KUMBA IRON...
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UPDATE 2-South Africa's Gold Fields appoints former Amplats boss as CEO
* Gold Fields appoints Chris Griffith as new CEO* Nick Holland steps down at end March* Former Amplats boss plans to drive value creation (Adds share price, Griffith comments,...
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UPDATE 1-S.Africa's Kumba Iron Ore sees annual production at low end of forecast
(Adds details on forecast and background)JOHANNESBURG, Dec 4 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J said on Friday annual output was likely to be at the bottom of its forecast...
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S.Africa's Kumba Iron Ore sees annual production at low end of forecast
JOHANNESBURG, Dec 4 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J said on Friday its annual production was likely to be at the bottom of its forecast range this year, and that it had cut...
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BRIEF-Kumba Iron Ore Updates 2020 Production Outlook To About 37 MT
Dec 4 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA IRON ORE - UPDATING 2020 PRODUCTION GUIDANCE TO C.37 MT (PREVIOUSLY 37-39 MT) AND OUR SALES GUIDANCE TO C.39 MT* KUMBA IRON ORE - SEES FY...
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S.Africa's Industrial Development Corp to diversify equities investment after sharp losses -CEO
* Co says to look at better risk management of assets* Its investments took hit after markets crashed in March* Group revenue fell 9%, assets value fell by a quarterBy Tanisha...
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BRIEF-Kumba Iron Ore Says Co On Track To Meet Its FY 2020 Guidance
Oct 22 (Reuters) - Kumba Iron Ore Ltd KIOJ.J : * KUMBA IRON ORE - ON TRACK TO MEET ITS FULL YEAR 2020 GUIDANCE * KUMBA IRON ORE - QTRLY TOTAL PRODUCTION OF 9.5MT (Q3 2019: 10.5MT) * KUMBA...
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South African Markets - Factors to watch on Oct. 22
JOHANNESBURG, Oct 22 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on...
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UPDATE 1-Wage talks with Kumba Iron Ore hit deadlock, union says
(Adds Kumba Iron Ore comment)JOHANNESBURG, Aug 26 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Wednesday said that wage negotiations with Kumba Iron Ore KIOJ.J , owned...
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Wage negotiations with Kumba Iron Ore deadlock - union
JOHANNESBURG, Aug 26 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Wednesday said that wage negotiations with Kumba Iron Ore KIOJ.J , owned by Anglo American AAL.L ,...
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UPDATE 1-South Africa's rand retreats as investors await Fed move, stocks inch up
(Adds latest prices, analyst comments)JOHANNESBURG, July 28 (Reuters) - South Africa's rand retreated on Tuesday, pulling back from a strong rally as risk demand globally paused with...
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UPDATE 1-Kumba Iron Ore's interim earnings fall on lower sales and lockdown
(Adds detail and background, gives new project detail)JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings due to the...
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BRIEF-Kumba Approves Kapstevel South Project At Kolomela
July 28 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA APPROVES KAPSTEVEL SOUTH PROJECT AT KOLOMELA* TOTAL CAPITAL COST OF PROJECT WILL BE APPROXIMATELY R7 BILLION, INCLUDING PRE-STRIPPING*...
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Kumba Iron Ore's interim earnings fall on lower sales and lockdown
JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of...
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BRIEF-Kumba Iron Ore Reports HY HEPS Of 26.19 Rand
July 28 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA IRON ORE - INTERIM CASH DIVIDEND OF R19.60 PER SHARE* KUMBA IRON ORE - PRODUCTION OF 17.9 MT AND SALES OF 18.6 MT WERE IN LINE WITH OUR...
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Kumba Iron Ore's half-year output falls 11% on virus lockdowns
July 16 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J said on Thursday its total production for the first half of the year dropped 11%, as restrictions to control the coronavirus...
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BRIEF-Kumba Iron Ore HY Total Production Down 11%
July 16 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA IRON ORE- HY TOTAL SALES WERE FURTHER IMPACTED BY SEVERE COASTAL WEATHER CONDITIONS AND REDUCED BY 13% TO 18.6 MT (H1 2019: 21.4 MT)*...
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UPDATE 1-Amplats targets $211 mln in savings to offset lockdown losses
(Adds Kumba Iron Ore)JOHANNESBURG, April 23 (Reuters) - South Africa's Anglo American Platinum (Amplats) AMSJ.J aims to save about 4 billion rand ($211 million) this year through cost cuts...
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BRIEF-Kumba Iron Ore Says 2020 Production & Sales Guidance Updated To 37-39 Mt And 38-40 Mt
April 23 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA PRODUCTION AND SALES REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2020 AND UPDATE ON RESPONSE TO COVID-19* 2020 PRODUCTION & SALES...
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BRIEF-Kumba Iron Ore Says Scaling Down Operations To Impact 2020 Production Forecast
March 27 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA IRON ORE LTD - SCALING DOWN OPERATIONS WILL IMPACT COMPANY'S 2020 PRODUCTION GUIDANCE OF BETWEEN 41.5MT AND 42.5MT* KUMBA IRON ORE LTD...
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UPDATE 1-South Africa's Transnet to cut transport of non-essential cargo during lockdown
(Adds detail, quote and background)Johannesburg, March 27 (Reuters) - South Africa's logistics firm Transnet said it would reduce transport services and non-essential cargo operations during...
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UPDATE 1-Anglo American expects South African lockdown to hit iron ore and coal
(Adds detail)LONDON, March 27 (Reuters) - Anglo American AAL.L expects output at its Kumba Iron Ore KIOJ.J mine in South Africa to fall by up to 3 million tonnes in 2020 because of a...
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Anglo American expects hit to iron ore, coal in South Africa lockdown
LONDON, March 27 (Reuters) - Anglo American AAL.L said on Friday it expected a 2 million to 3 million tonne fall in production at its Kumba Iron Ore KIOJ.J unit in South Africa this year...
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BRIEF-Kumba Iron Ore updates response to South Africa's COVID-19 measures
March 27 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* UPDATES RESPONSE TO SOUTH AFRICA'S COVID-19 MEASURES* IN LINE WITH SOUTH AFRICAN GOVERNMENT REQUIREMENTS, KUMBA HAS STARTED TO IMPLEMENT ALL...
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BRIEF-Kumba Iron Ore Updates On Covid-19 Measures
March 24 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* JSE: KIO - KUMBA'S RESPONSE TO COVID-19 MEASURES* KUMBA IRON ORE - WILL REVIEW DETAILED REGULATIONS RELATING TO ACTION INCLUDING IN RELATION...
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South Africa's rand ticks lower as Moody's stokes downgrade fears
JOHANNESBURG, Feb 18 (Reuters) - South Africa's rand extended losses on Tuesday to touch a fresh one-week low after rating agency Moody's halved the country's economic growth...
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UPDATE 1-South Africa's Kumba Iron annual earnings rise on higher ore rates
(Adds details on results, dividend, and CEO quote)JOHANNESBURG, Feb 18 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J on Tuesday posted a rise in annual earnings, underpinned by...
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South Africa's Kumba Iron posts higher annual earnings
Feb 18 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J on Tuesday posted a rise in annual earnings, underpinned by higher iron ore prices and currency gains from a weaker rand/dollar...
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South African Markets - Factors to watch on Feb. 18
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.ECONOMIC EVENTS- No...
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BRIEF-Kumba Iron Ore FY HEPS 50.88 Rand
Feb 18 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* EXTRACTS FROM THE PROVISIONAL AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 AND CASH DIVIDEND DECLARATION* FINAL CASH DIVIDEND OF R15.99...
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UPDATE 5-South African mines grind to halt as floods deepen power crisis
* Power crisis at state-owned Eskom damaging economy* Miners across the industry hit* Energy-intensive deep mines forced to halt production (Adds Petra update)By Helen ReidJOHANNESBURG, Dec...
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BRIEF-Kumba Iron Ore Cuts Production Guidance Following Winding Down Of Saldanha Steel Operations
Dec 10 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* PRODUCTION GUIDANCE HAS BEEN REDUCED FROM PREVIOUS ANNOUNCEMENT RELEASED BY KUMBA ON 12 NOVEMBER 2019* SEES TOTAL PRODUCTION (MT) GUIDANCE...
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BRIEF-Kumba Iron Ore Says Reduced 2019 Total Sales Guidance To 41.5mt-42.5mt
Nov 12 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* JSE: KIO - KUMBA IRON ORE - 2019 TOTAL SALES GUIDANCE UPDATE AND ANGLO AMERICAN BULKS SEMINAR AND SITE VISIT* KUMBA IRON ORE LTD - WILL...
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UPDATE 1-South African rand rallies 1% to one-month best, stocks weaker
(Adds latest figures, analyst comment)JOHANNESBURG, Oct 22 (Reuters) - South Africa's rand powered to a one-month best on Tuesday, lifted by a brightening outlook on a trade deal...
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BRIEF-Kumba Iron Ore Says Production On Track To Meet Full Year 2019 Guidance Of 42-43mt
Oct 22 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :* KUMBA IRON ORE LIMITED PRODUCTION AND SALES REPORT FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2019* PRODUCTION IS ON TRACK TO MEET FULL YEAR...
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UPDATE 1-South Africa's Exxaro buoyed by equity investments as core profit falls
(adds detail)JOHANNESBURG, Aug 22 (Reuters) - South African miner Exxaro Resources EXXJ.J on Thursday reported a 42% rise in half-year headline profit as income from equity investments...
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UPDATE 1-South Africa's rand, stocks slip as dollar bounces back
* Rand stalling as dollar rebounds, IMF clips growth forecast* Stocks slide on ECB, Fed cut bets(Adds latest prices, analyst comments)JOHANNESBURG, July 23 (Reuters) - South Africa's...
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UPDATE 2-Investors cautious after Kumba Iron Ore's first half earnings triple
* Earnings boosted by high iron ore price* Production volumes dipped slightly* Analysts say high iron ore price unsustainable* Favourable exchange rate also lifted earnings (Adds detail,...
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CORRECTED-UPDATE 1-South Africa's Kumba Iron Ore H1 earnings more than treble
(Corrects to read 21.4 million tonnes, compared with 21.2 million tonnes, paragraph 6) JOHANNESBURG, July 23 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 239%...
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