Kumba Iron Ore CEO Themba Mkhwanazi calls its fantastic results a ‘royal flush'

Kumba Iron Ore recorded a R16 billion profit in the year to end-December.

This is up from R11 billion the year before.

The company’s results enabled it to pay a full-year dividend of R30.97 per share.

Kumba Iron Ore CEO Themba Mkhwanazi called the results a "royal flush".

The Money Show’s Bruce Whitfield interviewed Mkhwanazi about his company’s fantastic results.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

We are not concerned about our dependency on China.

Themba Mkhwanazi, Kumba Iron Ore

We are encouraged about the growth in volumes in other geographies.

Themba Mkhwanazi, Kumba Iron Ore

We are still, in the main, very much a pure iron ore play…

Themba Mkhwanazi, Kumba Iron Ore

We sell about 3 out of 45 million tons in South Africa.

Themba Mkhwanazi, Kumba Iron Ore

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This article first appeared on 702 : Kumba Iron Ore CEO Themba Mkhwanazi calls its fantastic results a ‘royal flush'


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