Saturday, August 18

Kumba Iron Ore reports total dividend of ZAR30.97 per share

0

Kumba Iron Ore has reported final cash dividend of ZAR15 per share, with total dividend of ZAR30.97 per share during the company’s provisional audited annual results for the year ended 31 December 2017.

“I am pleased to report that Kumba has delivered on our key objectives for 2017. Most importantly, our safety initiatives resulted in a fatality-free year with material improvement across our key indicators. At Sishen, our focus on all aspects of the value chain resulted in productivity gains by the fleet whilst we also delivered improved plant efficiencies and higher yields. These factors contributed to production above guidance with an overall increase of 8% to 45 Mt. Higher production, together with ongoing cost discipline, contained unit costs below guidance,” says Themba Mkhwanazi, Kumba Iron Ore Chief Executive Officer.

Stronger operational performance has been our priority which, coupled with our focus on costs and
ongoing capital discipline, resulted in the delivery of attributable free cash flow of ZAR12.3 billion.

“Overall, whilst both the operational and financial delivery has been strong, there remains more that can be done to realise the full potential of our assets and we remain committed to building on these gains in 2018,” says Mkhwanazi.

Share.

About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

Leave A Reply