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THE JOURNEYS OF IRON ORE
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Main Content

2019 Interim results

We presented our 2019 Interim Results on 23 July at 11.00am (CAT). You can watch the results presentation via webcast on this page or dial in to the conference replay using the details, also on this page.

If you would like to download associated press releases, and presentations from previous results, use the results archive below.

Key features

KUMBA’S VALUE OVER VOLUME STRATEGY PAYS DIVIDENDS

Delivering exceptional shareholder returns

  • Headline earnings increased by 239% to R10.1 billion
  • Strong balance sheet with net cash up R7.1 billion to R18.8 billion
  • Interim cash dividend of R30.79 per share

Social, safety and environmental performance

  • Fatality free since May 2016
  • Lost-time injuries reduced by 36%
  • No major environmental incidents
  • R2.4 billion paid to our employees and R3.9 billion to the fiscus
  • R6 billion spent with bee suppliers

Margin benefit from quality, efficiency and market conditions

  • Highly competitive lump ore ratio maintained at 68%
  • Average realised FOB export price of US$108/tonne
  • Operating efficiency improved from 63% to 67%
  • Cost savings of R460 million, on track to achieve 2019
  • Target of R700 million
  • EBITDA margin up from 36% to 58%

Previous results