BUSINESS DAY TV: Diversified miner Petmin weathers the drought
BRAD Doig is Petmin’s business development director.BUSINESS DAY TV: Petmin’s headline earnings jumped 70% for the six months ended December, although to some extent they have been flattered by fewer shares in issue as a result of the buyback programme. It’s not been an easy six months, though, thanks to geological issues at its Somkhele mine … mining rights issues and also the drought.Joining us now on News Leader to discuss the six months and what the next six months may hold is Bradley Doig, business development director at Petmin.The headline earnings figure increase is great, 70%, although there were fewer shares in issue but it’s clearly not been an easy six months for the company.BRAD DOIG: No, everyone knows the commodity space has been tough but we have reached full production capacity at Somkhele so we’re running at maximum capacity, which obviously helps unit costs, so they’re down. And we’ve … had some interesting developments in the markets around our energy coal produc...
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