Kumba Iron Ore earnings jump; holds off dividend amid price volatility

Kumba Iron Ore ltd, a unit of Anglo American Plc, said on Tuesday its 2016 earnings more than doubled, partly on higher prices, but held off on paying a dividend because of a volatile market outlook. * Headline earnings per share rise 131 percent to 27.30rand, in line with what the company previously flagged to themarket. * Kumba said higher iron ore prices, as well its own driveto cut costs by reducing the amount of waste mined, contributedto the improvement in earnings.