Iron ore prices produce strong returns for shareholders
Kumba Iron Ore, an iron-ore mining company listed on the Johannesburg Stock Exchange has increased production volume and sales which was supported by higher iron-ore prices. Kumba Iron Ore retuned ZAR23.4 billion to its shareholders in the form of an interim cash dividend. This is a 73% increase from the ZAR6.3 billion dividend paid to shareholders in the first half of 2020. The increase in return was in part due to the higher export prices of iron-ore which was also supported by favourable exchange rates between the South African Rand and the US Dollar.
This newsletter is for information purposes only.
Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases. Transmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser. Charltons is not responsible for any third party content which can be accessed through the website.
If you do not wish to receive this newsletter please let us know by emailing us at unsubscribe@charltonslaw.com