Kumba Posts Fall In H115 Earnings

News: High quality iron ore supplier Kumba Iron Ore posted a fall in earnings in H115, amid a decline in the iron-ore price, the closing of Thabazimbi mine, a rejigging of the Kolomela and Sishen mines, and a decision not to declare an interim 2015 dividend. Kumba reported a 61% decline in headline earnings to ZAR2.5bn (USD202.44mn), compared with ZAR6.5bn (USD526.56mn) in H114. Kumba's normalised earnings fell 52% to ZAR9.78 (USD0.79) a share in H115. Total sales volumes grew 16% to 26mn...

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