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| Operating profit
Despite benchmark iron ore export prices decreasing on average by 40% for the 2009/2010 iron ore year, R12.9 billion operating profit was achieved for the year,
a reduction of only R633 million or 5% from the R13.5 billion in 2008. Kumba’s operating profit margin of 55% (61% from mining activities) for the year, decreased by 8% from 63% (69% from mining activities) in 2008.
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