Ensuring cost-competitive operational performance and increasing efficiencies and outputs to improve margins were cited as being key by new African Rainbow Minerals (ARM) CEO Phillip Tobias when he outlined the operating, low price, logistics, power, water and above-inflation cost challenges of ARM’s 2023 financial year to June 30. “A cost focus is very key,” Tobias emphasised when the Johannesburg Stock Exchange-listed company reported 21% lower headline earnings to R8 981-million on September 4.
JOHANNESBURG – Ensuring cost-competitive operational performance and increasing efficiencies and outputs to improve margins were cited as being key by new African Rainbow Minerals CEOwhen he outlined the operating, low price, logistics, power, water and above-inflation cost challenges of ARM’s 2023 financial year to June 30.
Implementation of technology to enhance productivity and efficiencies, looking for appropriate new technology and employing it to deliver better volumes, were highlighted, along with delivering existing growth projects on time and on budget. Applying what went well with the successful R7.4-billion Black Rock project as well as the associated skillsets to projects under way, such as the Two Rivers Merensky project and front-end loading for the Bokoni platinum group metals project, is key.
“If you look at iron-ore, the installed capacity is around 16-million tons and we only delivered 13.2-million tons. “In terms of the manganese alloys, we’ve experienced the high records that have been delivered by Sakura Ferroalloys. “Khumani remains a tier-one iron-ore asset with more than 20 years of life. It has high-grade and low-strip ratios.
“We need to optimise the rail output and where we can, depending on where the prices are, continue to truck,” Tobias added.
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