Kumba Iron Ore traded at 31,685.00 this Tuesday May 26th, increasing 981.00 or 3.20 percent since the previous trading session. Looking back, over the last four weeks, Kumba Iron Ore gained 3.26 percent. Over the last 12 months, its price rose by 7.35 percent. Looking ahead, we forecast Kumba Iron Ore to be priced at 29,328.29 by the end of this quarter and at 26,791.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Kumba Iron Ore Limited (Kumba) is a supplier of iron ore to the global steel industry. The Company is engaged in the exploration, beneficiation, marketing, sale and shipping of iron ore. The Company's segments include Sishen mine, Kolomela mine, Logistics, Shipping operations and Other. The Company operates primarily in South Africa, with mining operations in the Northern Cape and a port operation in Saldanha Bay, Western Cape Kumba holds interest in Sishen Iron Ore Company (Pty) Ltd (SIOC). The Company's mining operations and projects include Kolomela mine, which is located in the Northern Cape Province near the town of Postmasburg and Sishen mine, which is located in the Northern Cape Province near the town of Kathu.