Kumba Iron Ore up, sees higher profits

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Independent Newspapers

Two workers at a Kumba Iron Ore mine. Photo: Simphiwe Mbokazi.

Johannesburg - Shares of Kumba Iron Ore rise more than 2 percent after the company says it expects full-year earnings to be at least 20 percent higher than the previous year.

The earnings will be lifted by higher prices, the company says.

Its shares are up 2.61 percent at 405.49 rand. - Reuters

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