African Rainbow Minerals Ltd

Published : April 08th, 2008

Furnace restarted at Assmang's Cato Ridge Works

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Furnace restarted at Assmang’s Cato Ridge Works

 

Johannesburg, 8 April 2008

 

Assmang Limited has resumed ferromanganese production with the recommissioning of one of its six furnaces at its Cato Ridge Works, outside Durban, KwaZulu Natal.  The Department of Labour gave the go-ahead on Friday, 4 April 2008 for the first furnace to be recommissioned.

 “Following a thorough risk assessment and the introduction of additional safety measures, the Department of Labour revoked its prohibition order for the first of the six furnaces after consultations with ourselves and organised labour,” said Princess Thwala, senior general manager at Assmang’s Cato Ridge Works. 

“The tragic incident on 24 February 2008 in which lives were lost has re-sharpened our focus on safety and overall employee wellness at Cato Ridge Works. Safety is paramount in our business and there is no substitute for it.”

Assmang executive director Jan Steenkamp also welcomed the opening of the first furnace, adding that the company was doing its best to ensure there was no repeat of similar incidents.  Assmang has implemented safety measures proposed by the independent investigator as required by the Department of Labour, including the construction of blast protection walls surrounding the control rooms of the furnaces.

“It is imperative that we get back to business under circumstances that optimise shareholder value without compromising people’s lives,” said Steenkamp.

Should the Department of Labour give the green light to recommission three other furnaces this week, four furnaces may be in full operation at the plant by the end of the week.  A planned shutdown period for the fifth furnace has been brought forward with recommissioning expected in mid-May.  The sixth furnace, damaged extensively in the explosion of 24 February, is expected to be recommissioned in the 4th quarter of 2008.

ENDS

 

 

For more information please contact:

 

Jan Steenkamp

Chief Executive: ARM Ferrous

Assmang Executive Director

Office:                         +27 11 779 1108

Mobile:                        +27(0) 82 492 6948

E-mail:                         jan.steenkamp@arm.co.za

 

or

 

Monique Swartz

Corporate Development & Head of Investor Relations

Office:                         +27 11 779 1507

Mobile:                        +27(0) 83 411 2881

E-mail:                         monique.swartz@arm.co.za

 

 

 

 



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African Rainbow Minerals Ltd

PRODUCER
CODE : ARIM.JSE
ISIN : ZAE000054045
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African Rainbow is a nickel and platinum producing company based in South africa.

African Rainbow produces nickel, platinum, chromium, cobalt, copper, gold, iron, manganese, palladium, rhenium and rhodium in South Africa and in Zambia, develops platinum in South Africa, and holds various exploration projects in South Africa.

Its main assets in production are DWARSRIVIER, NKOMATI OXIDE MASSIVE CHROMITE, TWO RIVER PLATINUM MINE - UG2, TWO RIVER - MERENSKY REEF, MODIKWA - UG2, MODIKWA - MERENSKY, NKOMATI MINE & EXPANSION, NCHWANING MINE BODY 1, NCHWANING - BODY 2, GLORIA -BODY 1, GLORIA - BODY 2, BEESHOEK and KHUMANI in South Africa and NKANA in Zambia, its main asset in development is KALPLATS in South Africa and its main exploration properties are GOEDGEVONDEN COAL PROJECT and CATO RIDGE in South Africa.

African Rainbow is listed in Germany and in South Africa. Its market capitalisation is 6 326.9 billions as of today (US$ 2 963.0 billions, € 2 453.9 billions).

Its stock quote reached its lowest recent point on May 15, 2015 at 10 001.00, and its highest recent level on January 15, 2021 at 28 799.00.

African Rainbow has 219 691 837 shares outstanding.

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Annual reports of African Rainbow Minerals Ltd
(ARM) - Integrated Annual Report 2012
Nominations of African Rainbow Minerals Ltd
7/3/2013(ARM) announces changes to the Board of Directors
Project news of African Rainbow Minerals Ltd
6/19/2013(ARM) - Assmang approves ferromanganese joint venture in Mal...
4/10/2012(ARM) - Resolution of Modikwa Platinum Mine strike
8/17/2009(Khumani)Khumani Iron Ore Mine and Project update
9/1/2008(Khumani)Six million tonne expansion at Khumani set to proceed
Corporate news of African Rainbow Minerals Ltd
2/20/2014(ARM) - Trading statement in respect of the six moths ended ...
8/23/2013(ARM) - Provisional results for the year ended 30 June 2013
8/21/2013(ARM) - Trading statement in respect of the year ended 30 Ju...
3/22/2013(ARM) - Disclosure of beneficial interests in securities
8/25/2011(ARM) - Provisional results for the year ended 30 June 2011
2/17/2011Trading statement in respect of the six months ended 31 Dece...
8/31/2009Provisional results for the financial year ended 30 June 200...
8/25/2009Trading statement in respect of the year ended 30 June 2009
2/23/2009Interim results for the six months ended 31 December 2008
2/17/2009Trading statement in respect of the six month period ended 3...
12/18/2008Assmang- Manganese alloy capacity shutdown
12/8/2008Assmang Limited ("Assmang") - additional capacity shutdown
9/1/2008Provisional results for the financial year ended 30 June 200...
8/13/2008Trading statement in respect of the 12 month period ended 30...
5/13/2008Changes to the Board of Directors of TEAL
4/24/2008 Assmang Cato Ridge furnace expected to be reopened soon
4/14/2008Two more furnaces resume production at Assmang
4/10/2008Second furnace restarted at Assmang's Cato Ridge Works
4/8/2008Furnace restarted at Assmang's Cato Ridge Works
2/25/2008Announcement
2/20/2008Interim results for the six months ended 31 December 2007
2/15/2008launch of new website, Monday 18 February 2008 !
2/12/2008Trading Statement in respect of the six month period ende...
9/26/2007Approval for Nkomati R3.2 billion ($445m) Phase 2 Large Scal...
9/3/2007(angl) Provisional results for the financial year ended 30 J...
8/27/2007Trading update in respect of the 12 month period ended 30 Ju...
8/22/2007FRANK ABBOTT APPOINTED BY HARMONY AS FINANCIAL DIRECTOR FOR ...
7/11/2007ARM Coal and Xstrata Coal to develop R2.9 billion Goedgevond...
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