JOHANNESBURG (miningweekly.com) – Iron-ore mining and marketing company Kumba Iron Ore on Tuesday declared an interim cash dividend of R19.60 a share, representing a payout ratio of 75% of headline earnings.
Kumba CEO Themba Mkhwanazi said the company adapted its business quickly and comprehensively to meet the human, operational and market challenges of the likely enduring reality of the Covid-19 pandemic.
The JSE-listed Anglo American group company reported a strong performance in the first half of the year, with earnings before interest, tax, depreciation and amortisation (Ebitda) of R17.4-billion at a margin of 55%.
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