Arm Ferrous

Headline earnings
increased by 157% to
R3.7 billion.

Realised US Dollar
prices for iron ore
and manganese or
were 43% and 93%
higher respectively.

Below inflation
unit production cost
increases were achieved
at both the iron ore
and manganese ore
operations.

Record LTIFR of
0.17
per 200 000
man-hours achieved.

Black Rock Project
currently 80% spent or
committed.