Kumba Drops to Seven-Week Low on Potential $70 Million Tax Bill

  • Tax assessment for 2011 excludes potential interest, penalties
  • Anglo unit objecting to separate 5.5 billion-rand assessment

Kumba Iron Ore Ltd. fell to the lowest seven weeks in Johannesburg trading after the Africa’s biggest producer of the steelmaking material said it faces an additional tax liability of more than 1 billion rand ($70 million).

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