Iron-ore mining company Kumba Iron Ore said on Thursday that it was targeting a cost saving of R325-million and deferral of R1-billion of non-critical capital expenditure (capex) as a measure of prudence in the face of broad-based economic uncertainty across the world’s markets. Mining Weekly can report that the cash preservation measures of the JSE-listed Anglo American company will add to its liquidity position, which remains at levels similar to those at the end of last year.
