Market News
Covid shutdown bump in the road for Kumba production

JOHANNESBURG - Kumba Iron Ore yesterday reported production during the six months ended June had dropped 11percent as lockdown regulations since March had had an extensive impact on mining production.

Kumba, which produces iron ore, a steel-making ingredient, told investors output had fallen to 17.9million tons during the period compared to 20.1million tons a year earlier.

The unit of Anglo American plc said its operational performance reflected lower workforce levels in the second quarter of 2020 as guided by the South African government in response to the Covid-19 pandemic.