Last checked at 23 Feb 2021 07:00
23 February 2021 |
Kumba Iron Ore annual results 2020
Anglo American plc notes the announcement of Kumba Iron Ore Limited's annual results for the year ended 31 December 2020, released this morning to the Johannesburg Stock Exchange and available via www.angloamericankumba.com/financial-results.
The EBITDA disclosed in Kumba Iron Ore Limited's annual results amounts to $2.8 billion. Anglo American expects to report a segmental underlying EBITDA for Iron Ore which includes a contribution from Kumba Iron Ore Limited of $2.7 billion (unaudited), lower primarily due to differences in accounting presentation of certain items and corporate costs.
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Notes to editors:
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to mine, process, move and market our products to our customers - and to discover new resources - safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment - we are committed to being carbon neutral across our operations by 2040. We work together with our business partners and diverse stakeholders to unlock sustainable value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people's lives.
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