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WATCH: Falling iron ore prices in focus

Business Day TV spoke to mining analyst Peter Major

BHP and Vale will split equally the cost of damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people. Picture: GETTY IMAGES/WALDO SWIEGERS
BHP and Vale will split equally the cost of damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people. Picture: GETTY IMAGES/WALDO SWIEGERS

Kumba Iron Ore has reported a 26% decline in interim headline earnings per share, largely due to a lower average realised free-on-board (FOB) export iron ore price and a decrease in sales volumes. Business Day TV spoke to mining analyst Peter Major for more details on the dynamics behind the falling iron ore price.

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