African Rainbow Minerals Ltd

Published : August 30th, 2010

Provisional results for the year ended 30 June 2010

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ARM :

 

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

 

________________________________________________________________________________________________________________________________________________________________________________ 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.
Data and Statistics for these countries : South Africa | Zambia | All
Gold and Silver Prices for these countries : South Africa | Zambia | All

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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24hGold TrendPower© : 31
Produces Chromium - Cobalt - Copper - Gold - Iron - Manganese - Nickel - Palladium - Platinum - Rhenium
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