Kumba BEE, R150m once-off cost

January 28, 2007

Kumba Iron Ore (KIO), recently unbundled in a restructuring of Kumba Resources, says its earnings for the two months to end-December will be impacted by a 150 million rand once-off cost arising from the implementation of the Kumba Resources empowerment transaction...

Last year in a dual transaction, Kumba Resource unbundled iron ore, its most profitable division, and then merged with black empowered Eyesizwe Coal, which saw it change its name to Exxaro Resources.

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