Financial overview
Ferrous Metals’ operating profit of $1,432 million was up by 5% on 2006 and operating profit from core businesses increased by 59%. The iron ore and manganese markets experienced favourable market conditions and stronger prices.
| $ million (unless otherwise stated) | 2007 | 2006 |
|---|---|---|
| Operating profit | 1,432 | 1,360 |
| Kumba Iron Ore | 834 | 565 |
| Scaw Metals | 172 | 160 |
| Samancor Group | 225 | 52 |
| Other | (21) | (14) |
| Core businesses | 1,210 | 763 |
| Highveld Steel | 108 | 230 |
| Tongaat-Hulett/Hulamin | 114 | 154 |
| Kumba Resources | – | 213 |
| Other businesses | 222 | 597 |
| EBITDA | 1,561 | 1,560 |
| Net operating assets | 3,987 | 2,796 |
| Capital expenditure (including biological assets) | 471 | 582 |
| Share of Group operating profit | 15% | 15% |
| Share of Group net operating assets | 15% | 13% |