Product-improving Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher prices for its products, better logistics and flourishing cooperation with State rail enterprise Transnet. As an Anglo American group producer in the Northern Cape, Kumba exported 43.3-million tonnes of its sought-after product at an average price of $72/t, up from $71/t in 2017, to outperform its peers. The earnings before interest, taxes, depreciation and amortisation (Ebitda) margin rose by 3% to 45% on an Ebitda rise of 5% to R20.6-billion.
