Centurion, South Africa — MININGREVIEW.COM — 17 January 2012 – Kumba Iron Ore Limited “’ a leading supplier of high quality iron ore to the global steel industry “’ says an increase in export iron ore prices has substantially lifted its full-year earnings for the 2011 financial year.
Releasing a trading statement here, the company said its headline earnings per share and earnings per share for the financial year were expected to be between R51.40 and R55.80.
“Headline earnings per share and earnings per share reported for the previous financial year were R44.67 and R44.66 respectively,” read the company statement.
“The increase in earnings is largely attributable to an increase in export iron ore prices in the period,” it added.
Miningmx reports that Kumba is due to release its full results on 9 February.