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Kumba forecast to lift Q2 iron ore output a fifth but sales may fall, says bank
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Kumba forecast to lift Q2 iron ore output a fifth but sales may to fall, says bank
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Kumba pays out 100% of headline earnings amid rollercoaster iron ore price performance
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South Africa’s major iron-ore producer and marketer Kumba Iron Ore is fast-tracking solar power permitting and looking to wind energy, it is discussing the use of green hydrogen with particularly European customers, and it foresees relatively strong iron-ore prices continuing in the short term as well as good premium prospects for its lump ore, which makes up two thirds of Kumba production. On the company’s renewable energy generation plans, new Kumba CEO Mpumi Zikalala said in response to Mining Weekly during a media briefing: “We’re currently busy with the permitting phase of our 60 MW to 80 MW plant.
By Timo Smit
The first year of the Covid-19 pandemic saw wide-ranging impacts on multilateral peace operations.
The crisis simultaneously affected all operations, host nations, headquarters and contributing countries. It caused major disruption from the political-strategic level where mandates are drawn up, down to the operational and tactical levels.