Transport Infrastructure
Kumba Iron Ore profits rise 18% due to higher prices and sales volume
Kumba Iron Ore in South Africa posted a 18% increase in its annual 'profits on Thursday, thanks to higher mineral prices as well as stronger sales volumes due to improved logistics at the port and rail. Kumba,?a?unit of Anglo American?, reported that its headline earnings per shares increased from 38.94 rand to 45.97 rand (2.86 dollars) in the year ending December 2025, up from 38.94. Africa's largest iron ore producer said that the increase in earnings was due to an?increased average realized free-onboard export iron ore prices of $95 per metric ton wet in?2025 compared to $92 one year earlier....