Shares of South Africa's Kumba Iron Ore, a unit of Anglo American, extend Friday's brisk gains on the back of data that eased concerns of an economic hard landing in China.
Kumba shares at 10:40 SA time were up 1.33 percent to 543.48 rand, adding to Friday's gains of 2 percent as it rebounds from a 5-week trough hit last week in part on jitters about China which dragged down resource stocks across the board.
China on Friday reported that second-quarter gross domestic product grew 7.6 percent from a year earlier, in line with expectations. After two interest rate cuts in less than a month, many market watchers had been bracing for a weaker reading. - Reuters