| | | | | | | | | | | | | | | Provisional results for the year ended 30 June 2010 | | | | | | | Johannesburg, Monday 30 August 2010 Salient features � Headline earnings down 26% to R1.7 billion from R2.3 billion mainly due to a 16% stronger Rand and lower commodity prices (headline earnings per share of 807 cents per share compared to 1 094 cents per share in the previous financial year) � Second half (2H F2010) headline earnings substantially up 178% to R1.26 billion from the first half year (1H F2010) headline earnings of R454 million � Significant increase in the 2H F2010 headline earnings to R1.26 billion compared to the corresponding six month period (2H F2009) headline earnings of R85 million � ARM declares an increased dividend of 200 cents per share (F2009: 175 cents per share) � Significant increases in sales volumes across all commodities except domestic thermal coal � Decrease in unit costs of iron ore, nickel and platinum group metals (PGM) reflects a strong focus on continuing cost control � Cash and cash equivalents of R3.0 billion; net debt to equity of 1.7% � Approval of the development of Konkola North Copper Project in Zambia. The mine will be developed in conjunction with ARM�s partner Vale at project cost of US$380 million (on a 100% basis) � Successful conclusion of 2 X 2010 growth strategy � Continuation of aggressive growth in ARM�s portfolio of commodities For the comprehensive set of results please visit our website at www.arm.co.za Live webcast 11:00 am SA time at www.arm.co.za Conference call 15:00 pm SA time South Africa | Toll-free | 0 800 200 648 | | Cape Town | 012 819 0900 | | Johannesburg | 011 535 3600 | UK | Toll-free | 0 800 917 7042 | USA | Toll-free | 1 800 860 2442 | USA | Toll | 1 412 858 4600 | Australia | Toll-free | 1 800 350 100 | Canada | Toll-free | 1 866 605 3852 |
Replay (Code 2218#)South Africa | Toll | 011 305 2030 | USA | Toll | 1 412 317 0088 | UK | Toll-free | 0 808 234 6771 | Other | Toll | 011 305 2030 |
These numbers are also available on the ARM website www.arm.co.za
For more information please contact: Ursula Anyamene Tel: +27 (0) 11 779 1466 E-mail: ursula.anyamene@arm.co.za | |
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________________________________________________________________________________________________________________________________________________________________________________ The information contained in this message is privileged and intended only for the recipients named. If the reader is not a representative of the intended recipient, any review, dissemination or copying of this message or the information it contains is prohibited. If you have received this message in error, please immediately notify the sender, and delete the original message and attachments. ________________________________________________________________________________________________________________________________________________________________________________ This message, including any attachments, is confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and please delete this message and any attachments from your system. If you are not the intended recipient you should not copy this message or its attachments or disclose their contents to any other person. African Rainbow Minerals Limited does not warrant that this e-mail, including any attachments, is virus free. You should therefore take full responsibility for virus checking. African Rainbow Minerals is a limited liability company registered in The Republic of South Africa with registration number 1933/004580/06. The Registered Office address is ARM House, 29 Impala Road, Chislehurston, Sandton, 2146. For further information about African Rainbow Minerals Limited please see our website at www.arm.co.za or refer to any African Rainbow Minerals Limited office.
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African Rainbow Minerals Ltd
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PRODUCER |
CODE : ARIM.JSE |
ISIN : ZAE000054045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |