Lower iron ore volume and Bokoni operational losses hit ARM
Lower prices and stronger exchange rate also drove plunge in headline earnings, African Rainbow Minerals says
07 March 2025 - 10:19
African Rainbow Minerals (ARM) reported lower first-half earnings due to decreased iron ore production volumes and higher operational losses at its Bokoni Platinum Mine.
The company’s headline earnings for the six months ended December declined by 49% to R1.52bn or R7.75 per share. The company said this was largely driven by lower iron ore prices and a stronger rand-dollar exchange rate. ..
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