Headline earnings fell 37 per cent at Anglo American subsidiary Kumba Iron Ore

FTSE 100-listed metal mining company Anglo American's subsidiary Kumba Iron Ore has reported headline earnings of 1,499m dollars, 37 per cent less than was recorded a year earlier.

FTSE 100-listed metal mining company Anglo American's subsidiary Kumba Iron Ore has reported headline earnings of 1,499m dollars, 37 per cent less than was recorded a year earlier.

The company's contribution to Anglo American's underlying earnings contracted 31% to $1,018m.

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Meanwhie, the value recorded for exploration quadrupled year-on-year to $16m from $4m previously.

Kumba Iron Ore is a supplier of iron ore to the globl steel industry. It is the only hematite ore producer in the world to wholly beneficate its product.

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Anglo American's share price was down 0.48% to 1,962.00p at 08:33 on Tuesday morning.

MF

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