Consistent Dividend Payout
Declared a dividend of ZAR 6 per share, maintaining a consistent dividend policy despite challenging market conditions.
Strong Financial Position
Maintained a robust financial position with a net cash of ZAR 6.6 billion and a strong balance sheet.
Increase in Production Volumes
Iron ore and manganese operations saw production volume increases by 3% and 4% respectively, due to improved water supply and addressing skill shortages.
Positive Developments in ARM Ferrous
ARM Ferrous headline earnings only decreased by 1%, with a significant 120% increase in the Manganese Division driven by increased ore sales and prices.
Investment in Copper
ARM increased its stake in Surge Copper, a high-quality copper deposit, positioning for future growth in a well-established mining jurisdiction.