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News: BHP Kumba Iron Ore stockpiles swell as rail, port constraints persist

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    JOHANNESBURG, July 23 (Reuters) - Anglo American's AAL.L South African iron ore unit said on Tuesday it continues to build stockpiles at its mines due to persistent rail and port constraints.

    Kumba Iron Ore KIOJ.J said iron ore stockpiles at its mines swelled to 8.2 million metric tons in the first half of this year from 7.1 million during the same period last year as rail and port challenges worsen.

    Kumba's headline earnings per share in the six months ended June 30 slumped 26% to 22.27 rand, hit by softer iron ore prices and logistics challenges.

    The miner declared an interim dividend of 18.77 rand per share.

 
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