Commenting on the results, Kumba Iron Ore ("Kumba") CEO Chris Griffith said: "Driven by export volume growth and a 26% increase in iron export prices, Kumba delivered another set of outstanding financial results for 2011. We have achieved records in safety, exports, earnings and dividends. We are particularly proud of the progress made at Kolomela mine, which delivered on its promises, five months ahead of schedule and within budget. These results, together with the exceptional safety performance demonstrate that our strategy of optimising value from current operations and investing in safe, quality growth projects, is delivering.
Kumba Iron Ore Limited ("Kumba") today released its production and sales report for the quarter ended 31 December 2011. Throughout this report, production and sales volumes referred to are 100%, attributable to Kumba as well as non-controlling interests in Sishen Iron Ore Company (Pty) Limited.
Kumba is currently finalising its results for the twelve months ended 31 December 2011 ("the period"), which will be released on SENS on 9 February 2012. Headline earnings and basic earnings for the period are likely to be between R16,500 million and R17,900 million, with headline earnings per share ("HEPS") and earnings per share ("EPS") to be between R51.40 and R55.80.
