African Rainbow Minerals Ltd

Published : August 31st, 2009

Provisional results for the financial year ended 30 June 2009

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Provisional results for the financial year ended 30 June 2009

 

The future looks bright

 

31 August 2009

 

 

?ARM is financially robust and continues to invest significant funds to grow the company despite the massive global economic crisis,? Patrice Motsepe, Executive Chairman.

 

Salient features of the annual results

 

  • Headline earnings decrease 42% from R4.0 billion to R2.3 billion, impacted by the global economic recession
  • Headline earnings per share of 1 094 (F2008: 1906) cents
  • Profit from operations before exceptional items decreases 44% from R 6.7 billion to R 3.7 billion
  • Record sales volumes for iron ore and PGMs
  • Cash balances increase by R0.9 billion to R3.5 billion; net debt reduces to R231 million from R1.3 billion
  • ARM corporate loan of R967 million refinanced; new facility increased to R1.75 billion and extended for three years
  • Khumani 10 mtpa mine completed on time and within budget; a further 6 mtpa expansion approved
  • Goedgevonden and Nkomati expansion projects commence commissioning
  • TEAL?s shareholding restructured as ARM forms 50:50 joint venture with Vale
  • The declaration of a dividend of 175 cps (F2008: 400 cps)

 

For the comprehensive set of results please visit our website at www.arm.co.za

 

 

The results will be release on SENS at 07:00 am and will simultaneously be disclosed on the company?s website www.arm.co.za

 

Live webcast                                      11:00 am at www.arm.co.za

 

 

Conference call                        

15:00 pm

Johannesburg time

 

14:00 pm

London time

 

09:00 am

New York time

 

To participate in the conference call, please dial the following numbers:

South Africa Toll                           

011 535 3600

South Africa Toll-free                    

0 800 200 648

United Kingdom Toll-free

0 800 917 7042

USA Toll-free                                

1 800 860 2442     

USA Toll                                         

1 412 858 4600

Canada Toll-free

1 866 519 5086

Other countries                              

+27 11 535 3600

 

Ask for the African Rainbow Minerals conference.

 

To listen to a playback of the call please dial:

Country    

Number 

Code

South Africa Toll                           

011 305 2030                         

2218#

United Kingdom Toll-free              

0 808 234 6771                      

2218#

USA Toll                                       

1 412 317 0088

2218#

Other countries

+27 11 305 2030

2218#

 

                                                                         

For more information please contact:

 

Ursula Anyamene

Tel:      +27 (0) 11 779 1466

E-mail: ursula.anyamene@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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JSE (ARIM.JSE)BERLIN (EB9.BE)
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Produces Chromium - Cobalt - Copper - Gold - Iron - Manganese - Nickel - Palladium - Platinum - Rhenium
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