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%