30
May
20:17
Kumba anticipates surge in second-quarter financial performance
Anglo American’s South African offshoot Kumba Iron Ore expects to deliver a stronger financial performance year-on-year in its second quarter ending 30 June 2019.
In a pre-results trading statement monitored by Kallanish, the miner says that it anticipates a stronger financial performance in Q2 2019 than in Q2 2018. This is due to higher average iron ore export prices and a weaker rand/US dollar exchange rate, the company says.
Headline earnings and bas…
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Very good overview of the weekly steel market.
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