Arm Copper

ARM
and Vale
announced the
disposal
of their 80% interest
in Lubambe
Mine.

The LTIFR decreased
from 0.21 to
0.14 per 200 000
man-hours. Lubambe Mine
has been fatality-free since
inception.

Production volumes
reduced in line with
decision taken in F2016
to reduce tonnes milled to
80 000
tonnes per month.

Headline
loss reduced by
44%
from R361 million
to R203 million.