WATCH: African Rainbow Minerals hit by lower prices and rail woes

African Rainbow Minerals CEO Phillip Tobias at the Sandton Convention Centre in Johannesburg, September 4 2023. Picture: FREDDY MAVUNDA/BUSINESS DAY

Lower production and weaker commodity prices weighed on African Rainbow Minerals’ earnings. The diversified miner’s annual headline earnings per share fell 21% and it has lowered its dividend by 40%. Business Day TV spoke to group CEO Phillip Tobias for more detail.

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WATCH: African Rainbow Minerals hit by lower prices and rail woes

Business Day TV speaks to ARM CEO Phillip Tobias