Kumba expects higher FY earnings

JSE-listed Kumba Iron Ore expects an 20%-plus increase in earnings for the year to end December 31, owing to an increase in export iron-ore prices during the year and the weaker average rand:dollar exchange rate. The group, which will release its financial results on February 14, expects headline earnings for the year under review to be some R758-million higher than the R3.79-billion achieved in the prior year.