Edition:
India

African Rainbow Minerals Ltd (ARIJ.J)

ARIJ.J on Johannesburg Stock Exchange

16,964.00ZAc
29 Jan 2020
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632.00 (+3.87%)
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Latest Key Developments (Source: Significant Developments)

African Rainbow Minerals Says Nkomati Mine To Be Placed On Care & Maintenance
Friday, 30 Aug 2019 

Aug 30 (Reuters) - African Rainbow Minerals Ltd ::AGREEMENT REACHED BY JV PARTNERS TO SCALE DOWN PRODUCTION AT LOSS-MAKING NKOMATI MINE AND PLACE IT ON CARE AND MAINTENANCE.NKOMATI MINE TO BE PLACED ON CARE AND MAINTENANCE FROM SEPTEMBER 2020 IN PREPARATION FOR CLOSURE.NKOMATI MINE REPORTED FY HEADLINE LOSS OF R315 MILLION RAND VERSUS HEADLINE PROFIT OF R9 MILLION LAST YEAR.  Full Article

African Rainbow Minerals Says HY HEPS 1 149 Cents
Friday, 1 Mar 2019 

March 1 (Reuters) - African Rainbow Minerals Ltd ::HY HEADLINE EARNINGS INCREASED BY 13% TO R2 201 MILLION.HY HEADLINE EARNINGS PER SHARE WERE 1 149 CENTS.INTERIM DIVIDEND OF 400 CENTS PER SHARE DECLARED.SALES FROM CONTINUING OPERATIONS WERE MARGINALLY LOWER IN 1H F2019 AT R4 147 MILLION (1H F2018: R4 174 MILLION).HY BASIC EARNINGS PER SHARE DECREASED FROM 922 CENTS TO 682 CENTS.US DOLLAR COMMODITY PRICES REMAIN WELL SUPPORTED DESPITE CONCERNS ABOUT A POTENTIAL SLOWDOWN IN CHINA'S GROWTH.SEES LIKELY INCREASE IN SOME INTERRUPTIONS PRIMARILY RELATED TO SERVICE DELIVERY, AHEAD OF NATIONAL ELECTIONS IN MAY 2019.  Full Article

SA's Competition Commission Recommends Unconditional Approval Of ARM-Assmang Deal
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - African Rainbow Minerals Ltd ::SA'S COMPETITION COMMISSION- RECOMMENDED THAT PROPOSED MERGER, WHEREBY ARM INTENDS TO ACQUIRE TARGET BUSINESS OF ASSMANG, BE UNCONDITIONALLY APPROVED.  Full Article

South Africa's African Rainbow To Also List Shares In Australia
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - African Rainbow Minerals Ltd ::JSE: ARI - SECONDARY LISTING ON A2X.AFRICAN RAINBOW MINERALS - SHARES HAVE BEEN APPROVED FOR INCLUSION IN LIST OF QUALIFYING EQUITY SECURITIES TO BE TRADED ON A2X FROM NOV. 29.AFRICAN RAINBOW MINERALS LTD - ARM WILL RETAIN ITS PRIMARY LISTING ON JSE AND ITS ISSUED SHARE CAPITAL WILL BE UNAFFECTED BY SECONDARY LISTING ON A2X.  Full Article

(OFFICIAL)-BRIEF-African Rainbow Minerals FY HEPS Of 2,526 Cents (Sept. 7)
Friday, 7 Sep 2018 

Corrects revenue from cont. ops in 2nd bullet to 9,263 mln rand from 9,603 mln rand:FY HEADLINE EARNINGS PER SHARE WERE 2526 CENTS COMPARED TO 1684 CENTS IN F2017.FY REVENUE FROM CONTINUING OPERATIONS 9,263 MILLION RAND VERSUS 9,019 MILLION RAND AS REPORTED A YEAR AGO.FINAL DIVIDEND OF 750 CENTS DECLARED.INCREASE IN ELECTRIC VEHICLES CREATES OPPORTUNITIES FOR SOME METALS, NEGATIVELY IMPACTS DEMAND FOR PLATINUM GROUP METAL.FY HEADLINE EARNINGS INCLUDE IMPACT OF R1 210 MILLION AS A RESULT OF RESTRUCTURING OF ARM COAL DEBT.  Full Article

African Rainbow Minerals FY HEPS Of 2526 Cents
Friday, 7 Sep 2018 

Sept 7 (Reuters) - African Rainbow Minerals Ltd ::FY HEADLINE EARNINGS PER SHARE WERE 2526 CENTS COMPARED TO 1684 CENTS IN F2017.FY REVENUE FROM CONTINUING. OPERATIONS 9,603 MILLION RAND VERSUS 9,019 MILLION RAND AS REPORTED A YEAR AGO.FINAL DIVIDEND OF 750 CENTS DECLARED.INCREASE IN ELECTRIC VEHICLES CREATES OPPORTUNITIES FOR SOME METALS, NEGATIVELY IMPACTS DEMAND FOR PLATINUM GROUP METAL.FY HEADLINE EARNINGS INCLUDE IMPACT OF R1 210 MILLION AS A RESULT OF RESTRUCTURING OF ARM COAL DEBT.  Full Article

African Rainbow Minerals Sees FY HEPS Between 41-54 Pct Higher
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - African Rainbow Minerals Ltd ::AFRICAN RAINBOW MINERALS LTD - BASIC EARNINGS PER SHARE FOR FY2018 ARE EXPECTED TO INCREASE BY BETWEEN 221% AND 239% TO BETWEEN 2 320 AND 2 450 CENTS.AFRICAN RAINBOW MINERALS - FY 2018 HEPS ARE EXPECTED TO INCREASE BY BETWEEN 41% AND 54% TO BETWEEN 2 370 AND 2 590 CENTS.  Full Article

African Rainbow Minerals to moth-ball loss-making Nkomati mine

JOHANNESBURG, Aug 30 South African diversified miner African Rainbow Minerals (ARM) said on Friday it would reduce production at its loss-making Nkomati mine in preparation for closure.