/ 18 February 2000

ISCOR SHARES DIVE AFTER FLOODS

SHARES in steel giant Iscor extended early losses on Thursday on news that recent floods will impact negatively on its production. The counter, which was down almost 3%, slid further to be 3,19% lower at R22,75 on the news. The company said that floods are expected to result in a loss of 500000 tons of mine ore production at its Sishen mine and a further 250000 tons of lost output was seen at its Thabazimbi iron ore mine.