African Rainbow Minerals reports 27% fall in first-half headline earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

A drop in iron prices, a stronger rand and transport woes weighed on the miner’s profits

Patrice Motsepe Executive Chairman of African Rainbow Minerals. Picture: FREDDY MAVUNDA

The diversified miner was also not able to take full advantage of record high international coal prices because of the bottlenecks that bedevilled state-owned Transnet Freight Rail. As a result, headline earnings fell 27% to R3.7bn in the six months to end-December, as iron ore prices fell 7% to $116 a tonne on average from $125 and the rand strengthened 8% against the dollar.

However, the manganese division shot the lights out with a 308% increase in headline earnings, driven by higher average manganese ore and manganese alloy prices.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

CoruscaKhaya Please tell him Chelsea FC is up for sale.

Ask the EFF to return your donation.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 12. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

3 South African Cybersecurity Companies You Should Probably Know About - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsCybersecurity involves the application of technologies, processes and controls to protect systems, networks, programmes, and data from cyber-attacks. Many establishments across the world, including, schools, banks, and hospitals rely heavily on cybersecurity services to protect their data and be safe from cyber-attacks. Everyone who has a computer or access to the internet must at some […]
แหล่ง: ITNewsAfrica - 🏆 27. / 59 อ่านเพิ่มเติม »

Africa marks Africa School Feeding Day - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The day is set aside to emphasise the need for school feeding schemes as a way to increase enrollments and improve retention and performance. AfricaSchoolFeedingDay Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Charlesmike109 and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Charlesmike109
แหล่ง: SABCNews - 🏆 37. / 51 อ่านเพิ่มเติม »

Ukrainian Association of South Africa calls on the government to stop economic cooperation with Russia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Members of the Ukrainian community in Cape Town have demonstrated outside Parliament, to bring attention to their cause. RussiaUkraineConflict As friends of Russia, will not allow such nonsense. There foreigners must go home and fight for their battles. They even taking our jobs Foreigners must not be allowed to protest here, where is PutSouthAficansFirst Ugena phi uGovernment wethu
แหล่ง: SABCNews - 🏆 37. / 51 อ่านเพิ่มเติม »

Russia-Ukraine | South Africa abstains from UN vote against Russia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa abstained from voting during an emergency session of the United Nations (UN) General Assembly which overwhelmingly voted to adopt a resolution demanding Russia’s immediate and unconditional withdrawal from Ukraine. Disgusting VoetsekANC they will do anything for there overlords to fill there pockets and selling of 1’s soul is on top of the menu!!! South Africa voted indirectly for war on Ukraine to continue by abstaining from voting for UNGA resolution We want everlasting peace not war.
แหล่ง: SABCNews - 🏆 37. / 51 อ่านเพิ่มเติม »