Last 22,470
Change Today +935.00 / 4.34%
Volume 480.9K
KIO On Other Exchanges
Symbol
Exchange
Johannesburg
Berlin
OTC US
OTC US
As of 10:00 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

kumba iron ore ltd (KIO) Snapshot

Open
$21,999
Previous Close
$21,535
Day High
$22,500
Day Low
$21,650
52 Week High
02/11/14 - $46,739
52 Week Low
01/27/15 - $21,185
Market Cap
72.4B
Average Volume 10 Days
385.7K
EPS TTM
$44.23
Shares Outstanding
322.1M
EX-Date
08/11/14
P/E TM
5.1x
Dividend
$3,555
Dividend Yield
15.82%
Current Stock Chart for KUMBA IRON ORE LTD (KIO)

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kumba iron ore ltd (KIO) Details

Kumba Iron Ore Limited is engaged in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore in South Africa. The company’s flagship project includes the Sishen mine, which is located in Northern Cape Province, South Africa. It also exports its iron ore to China and rest of Asia, Europe, the Middle East, and Africa. The company was founded in 2006 and is headquartered in Centurion, South Africa. Kumba Iron Ore Ltd. operates as a subsidiary of Anglo South Africa Capital (Proprietary) Limited.

Founded in 2006

kumba iron ore ltd (KIO) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: R10.9M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: R4.8M
Executive Head of Operations, Mining & Techno...
Total Annual Compensation: R3.0M
Executive Head of Projects
Total Annual Compensation: R3.0M
Executive Head of Public Affairs
Total Annual Compensation: R2.4M
Compensation as of Fiscal Year 2013.

kumba iron ore ltd (KIO) Key Developments

Kumba Iron Ore Limited Reports Unaudited Operating Results for the Quarter and Year Ended December 31, 2014

Kumba Iron Ore Limited reported unaudited operating results for the quarter ended December 31, 2014. For the quarter, the company reported total production of 12,432,000 tones compared to 11,286,000 tones a year ago. The company reported total sales volumes of 12,601,000 tones compared to 10,836,000 tones a year ago. For the year, the company reported total production of 48,197,000 tones compared to 42,373,000 tones a year ago. The company reported total sales volumes of 45,288,000 tones compared to 43,708,000 tones a year ago.

Kumba Iron Ore Ltd. Provides Earnings Guidance for the Year Ended 31 December 2014

Kumba Iron Ore Ltd. provided earnings guidance for the year ended 31 December 2014. For the year ended 31 December 2014, the company advised that headline earnings for the period are likely to be between ZAR 10,610 million and ZAR 11,410 million, with basic earnings expected to be between ZAR 10,220 million and ZAR 11,020 million. Headline earnings per share is likely to be between ZAR 33.10 and ZAR 35.60, a decrease of between 26% and 31%, with basic earnings per share expected to be between ZAR 31.90 and ZAR 34.40, a decrease of between 28% and 34%. Reported headline earnings and basic earnings for the twelve months ended 31 December 2013 were ZAR 15,443 million and ZAR 15,446 million respectively, while reported HEPS and EPS for the comparative period were ZAR 48.08 and ZAR 48.09 respectively. The decrease in earnings is largely attributable to a significant decrease in export iron ore prices, partially offset by a weaker exchange rate during the period.

IDC Not To Sell Stakes In Listed Companies

Geoffrey Qhena, Chief Executive Officer of The Industrial Development Corporation of South Africa Limited (IDC) said that IDC will not sell stakes in the listed companies to raise funds to help in Eskom Holdings SOC Limited's cash crunch. Geoffrey further said that selling stakes in the listed investments will result into loss of income which is counter to IDC's objectives. The investments in listed companies provide money to IDC to fund new businesses. According to Barclays, government can raise upto ZAR 86 billion by selling stakes in 10 listed companies. IDC hold stakes in 8 of the 10 companies which are Sasol Ltd. (JSE:SOL), Kumba Iron Ore Ltd. (JSE:KIO), ArcelorMittal South Africa Limited (JSE:ACL), Sappi Limited (JSE:SAP), Life Healthcare Group Holdings Limited (JSE:LHC), Hulamin Limited (JSE:HLM), Merafe Resources Limited (JSE:MRF) and BHP Billiton plc (LSE:BLT). "A complete disposal is out of the picture. Out of the eight we are taking out nothing because they are key in the IDC’s life…. We have not been approached by anyone," Geoffrey Qhena said.

 

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