Increased earnings from its Sishen Iron Ore stake have given the miner a boost
Exxaro, the largest supplier of coal to Eskom, says it expects headline earnings per share to almost double in its six months to end-June, given a boost from its stake in the Kumba Iron Ore majority-owned Sishen Iron Ore Company, which operates one of the largest open-pit mines in the world.
Heps, the main profit measure in SA, is expected to increase by between 99% and 111% year on year, Exxaro said in a trading update, with prices of the key steelmaking ingredient having risen about 50% in the period, stoked by a global economic rebound...
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