FINANCIAL HIGHLIGHTS
Commitment to zero harm
LTIFR of 0,12
Operating profit up
126% to
R13,5 billion
Headline earnings up
131% to
R7,3 billion
Final cash dividend
R13,00 per share
Sishen Mine’s production up
15% to 34Mt
|
COMMENTARY
Highlights
Despite the volatility in the global economy towards the end of 2008,
Kumba Iron Ore Limited (“Kumba”) has delivered strong financial results
for the year ended 31 December 2008. During April 2008 Kumba’s old
order mining rights were converted and a new mining right granted for
the Sishen South project. A significant step has been taken towards the
next phase of growth for Kumba with the approval of the Sishen South
project during the third quarter of 2008.
Attributable profit for the year of R7,2 billion and headline earnings
of R7,3 billion more than doubled from R3,2 billion and R3,1 billion
achieved in 2007 respectively.
read more |
