https://newsletter.en.creamermedia.com
Africa|Coal|Construction|Energy|Export|Financial|Gold|Iron Ore|Mining|Platinum|Power|Renewable Energy|Renewable-Energy|Service|Solar|Water|Operations
Africa|Coal|Construction|Energy|Export|Financial|Gold|Iron Ore|Mining|Platinum|Power|Renewable Energy|Renewable-Energy|Service|Solar|Water|Operations
africa|coal|construction|energy|export|financial|gold|iron-ore|mining|platinum|power|renewable-energy|renewable-energy-company|service|solar|water|operations

African Rainbow Minerals declares R1bn-plus interim cash dividend

African Rainbow Minerals executive chairperson Dr Patrice Motsepe.

African Rainbow Minerals executive chairperson Dr Patrice Motsepe.

7th March 2025

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The board of African Rainbow Minerals (ARM) has declared an interim dividend of R4.50 a share amounting to R1 011-million for the half-year of financial year (FY) 2025, the Johannesburg Stock Exchange-listed company announced on Friday when it presented results for the six months to December 31.

“We maintained a robust financial position, with net cash of R6 073-million,” ARM stated in a stock exchange news service announcement.

Headline earnings for the six months decreased by 49% to R1 520-million or R7.75 a share.

Iron-ore production volumes were lower than the corresponding period of FY2024 owing mainly to reduced offtake from steelmaker ArcelorMittal South Africa.

Unit costs remained under pressure due to lower production volumes and above-inflation increases in costs at the iron-ore and coal operations.

Platinum group metal (PGM) production volumes rose marginally on an increase in ounces at Bokoni platinum mine amid the higher mining development costs of Bokoni being in ramp-up phase.

The lower average realised export iron-ore prices and stronger rand:dollar exchange rate were partially offset by higher manganese ore and alloy prices.

Construction of ARM Platinum’s 100 MW solar PV facility is progressing on schedule, with the first power delivery expected in August.

With the definitive feasibility study for renewable energy at ARM Ferrous completed in December, various funding models and energy mix options are being reviewed.

Meanwhile, a water supply deficit from Vaal Central Water Board poses a risk to the Khumani mine operations, ARM stated in a release to Mining Weekly.

ARM, headed by executive chairperson Dr Patrice Motsepe, mines and beneficiates iron-ore, manganese ore, chrome ore, PGMs, nickel and coal and also has a strategic investment in gold through Harmony Gold Mining Company.

Edited by Creamer Media Reporter

Comments

Latest News

Magazine Cover Image
Magazine round up | 11 April 2025
11th April 2025

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine Cover Image
Magazine round up | 11 April 2025
11th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.105 0.198s - 151pq - 3rq
Subscribe Now