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Iron-ore export lower as Kumba production falls 12%

The export of iron-ore by JSE-listed Kumba fell 10% in the three months to December 31 on the back of 12% lower production in the same period. The Anglo American group company said on Thursday that export sales volumes fell to 10.5-million tonnes and production to 10.9 million tonnes 10% lower than Q4 2014 but 7% higher than the previous quarter.