Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall
Kumba Iron Ore shares fell more than 5% on Tuesday after it announced plans to cut about 490 jobs, following a reduction in production as it struggles to overcome South Africa’s persistent rail bottlenecks.
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Kumba Iron Ore builds up stockpiles as rail woes worsen
Mining News Pro - Anglo American’s South African iron ore unit said collaboration between private investors and government could help resolve mounting rail bottlenecks which are forcing it to stockpile more iron ore at its mines.
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Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost
Mining News Pro - Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and society at large.
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Anglo American: Kumba Iron Ore Production Fall Amid Rail Constraints
Mining News Pro - The Anglo American Kumba iron ore production for Q3 CY`18 decreased 9% on quarterly basis to 10.5 MnT as against 11.6 MnT in last quarter.
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