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Kumba shares rise on higher H1 earnings expectations

JSE-listed Kumba Iron Ore’s share price on the JSE rose by as much as 6.67% on Thursday morning as the company reported that it expected to post higher earnings for the six months ended June 30. Kumba expected to report headline earnings of between R2.88-billion and R3.09-billion for the six months, compared with the R2.52-billion reported in the first half of 2015.