https://www.engineeringnews.co.za

ARM headline earnings to drop

18th February 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – A fall in realised iron-ore prices, coupled with above-inflation unit cost increases at some operations have resulted in African Rainbow Minerals’ (ARM) expecting its earnings a share for the six months ended December 2012, to be lower at between 630c and 675c.

This was down from earnings a share of 937c for the six months ended December 31, 2011.

Basic earnings per share were expected to be in the same range of between 630c and 675c.

The decrease was partially offset by improved performances at the Nkomati nickel mine, ARM Coal and increased sales volumes for nickel, iron-ore, Eskom thermal coal, export thermal coal and platinum-group metals.

The weaker rand/dollar exchange rate had a positive impact on the interim results for the period.

The company’s interim results would be released on February 26.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 1.049s - 140pq - 2rq
Subscribe Now