JOHANNESBURG (miningweekly.com) – Owing to a significant drop in export iron-ore prices, JSE-listed miner Kumba expects its earnings for the year to December 31, to be between R2.15-billion and R2.2-billion lower than that reported for 2014.
Headline earnings a share and earnings a share were also likely to be at least R6.69 to R6.86 apiece lower than the year before.
In 2014, the company reported headline and basic earnings of R11-billion and R10.7-billion respectively, while headline earnings a share and earnings a share were R34.32 and R33.44 respectively.
Kumba would publish its full-year results on February 9, 2016.