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WATCH: Higher coal and manganese prices boost African Rainbow Mineral

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Business Day TV speaks to ARM CEO Mike Schmidt

African Rainbow Minerals CEO Mike Schmidt. Picture: FREDDY MAVUNDA/BUSINESS DAY

African Rainbow Minerals has weathered Transnet issues, as well as rising diesel costs. That’s as the diversified miner delivered a 40% jump in headline earnings per share, benefiting from higher coal and manganese prices. Business Day TV caught up with the company’s CEO, Mike Schmidt, for a closer look into its interim performance.

 

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African Rainbow Minerals HY profit up 40%AfricanRainbowMinerals (ARM) on Monday reported a 40% jump in its half-year profit, as higher coal and manganese prices offset the impact of cost pressures and rail logistics problems. Moneyweb AfricanRainbowMineralsProfit
Source: Moneyweb - 🏆 5. / 77 Read more »