Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The significant drop in the export iron-ore price, which led to the derecognition of a R617-million deferred tax asset, has depressed Kumba Iron Ore’s first-half earnings. The JSE-listed mining company on Wednesday said it expected its headline earnings to fall from R6.5-billion in the first half of 2014 to between R2.4-billion and R2.58-billion in the six months to June 2015.
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