KIO sitting pretty at R305 with iron ore prices holding up better than expected given the China slowdown. K…by @julianreins_jse on $KIO

KIO sitting pretty at R305 with iron ore prices holding up better than expected given the China slowdown. Kumba's beneficiation assets give them a cost edge over pure miners, that margin protection matters when commodity cycles turn. Long term the export volumes out of the Northern Cape are solid if you believe demand stabilises, but load shedding risk is real and that's what keeps the price capped imo.