{"id":7825,"date":"2012-02-09T13:51:07","date_gmt":"2012-02-09T11:51:07","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-kumba-fy-earnings-up-on-higher-iron-ore-prices\/"},"modified":"2012-02-09T13:51:07","modified_gmt":"2012-02-09T11:51:07","slug":"update-1-kumba-fy-earnings-up-on-higher-iron-ore-prices","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-kumba-fy-earnings-up-on-higher-iron-ore-prices\/","title":{"rendered":"UPDATE 1-Kumba FY earnings up on higher iron ore prices"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* FY diluted headline EPS 52.99 rand vs 44.54 rand<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* FY production down 5 pct to 41.3 mln T<\/p>\n<p><span><\/span><\/p>\n<p>* Says 2012 export sales to rise by 3 mln T<\/p>\n<p> (Adds details, quotes)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 9 (Reuters) &#8211; Kumba Iron Ore<br \/>\n, a unit of global miner Anglo American,<br \/>\nreported a rise in full-year profit on Thursday, boosted by<br \/>\nhigher iron ore prices and said it expects export volumes to<br \/>\nrise in the current financial year.<\/p>\n<p><span><\/span><\/p>\n<p>Kumba, Africa&#8217;s largest producer of the steelmaking<br \/>\ningredient, said full-year diluted headline earnings per share<br \/>\ntotalled 52.99 rand, compared with 44.54 rand a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS, the main profit measure in South Africa,<br \/>\nexcludes some one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>Africa is regarded by many in the industry as the next iron<br \/>\nore frontier with many global miners moving to cash in on the<br \/>\nprojected rise in demand for steel from Asia.<\/p>\n<p><span><\/span><\/p>\n<p>Kumba, the world&#8217;s 10th largest producer of iron ore, said<br \/>\nproduction dropped 5 percent to 41.3 million tonnes on the back<br \/>\nof feedstock constraints at the company&#8217;s Sishen mine.<\/p>\n<p><span><\/span><\/p>\n<p>Export sales rose 3 percent to 37.1 million tonnes and would<br \/>\nrise by around 3 million tonnes in the current financial year as<br \/>\nthe company&#8217;s Kolomela mine ramps up output.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* FY diluted headline EPS 52.99 rand vs 44.54 rand * FY production down 5 pct to 41.3 mln T * Says 2012 export sales to rise by 3 mln T (Adds details, quotes) JOHANNESBURG, Feb 9 (Reuters) &#8211; Kumba Iron Ore , a unit of global miner Anglo American, reported a rise in full-year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7825","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7825"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7825\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}