ARM FERROUS

Key features for F2019

Headline earnings of R10.01 billion.

Khumani Mine achieved the lowest LTIFR in its history.

Lumpy sales volumes increased to 60%.


Impairment of Assmang’s investment in Sakura Ferroalloys of R507 million (ARM attributable).

Black Rock Gloria Mine modernisation projects progressed on schedule.

Material matters

  • Security of water supply for the Northern Cape operations
  • Successful progress on Black Rock Mine and Gloria Mine modernisation.
  • Increased water costs due to capital user charge to refurbish the Vaal Gamagara pipeline
  • Profitability of Sakura Ferroalloys.

Structure


Structure
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