African Rainbow Minerals (ARM), the diversified South African mining company, reported a 19% increase in annual profit, driven by higher platinum group metal (PGM) prices that offset weaker revenues from its coal, iron ore and manganese operations, the company announced on Friday, 4 September.
Results released on Friday showed that earnings per share, before exceptional items, reached approximately $200.3 million for the financial year ended 30 June, compared with $168.1 million in the prior year.
In response to the strong performance, ARM declared a final dividend of seven rand per share ($0.43), up from six rand ($0.37) paid in the previous financial year.
Despite the overall earnings growth, the coal division recorded a loss of $26.6 million, against a profit of $2.9 million in the prior year. The company attributed the underperformance primarily to a decline in coal prices.
ARM is meanwhile pressing ahead with investment plans to expand its platinum group metals production capacity. In July, the company announced a phased investment of $948 million to modernise its Bokoni platinum operations, alongside the resumption of nickel mining at Nkomati.
The Bokoni project is expected to reach peak production in 2032, with an estimated annual output of between 350,000 and 400,000 ounces of platinum group metals — a volume that would roughly double ARM’s current capacity in the segment.
The company is also resuming open-cast mining operations and nickel concentrate production at Nkomati, which had been suspended since 2021.
The Nkomati operation is expected to produce 56,065 tonnes per year, following an advance purchase agreement concluded with Swedish mining and smelting company Boliden.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/09/04/mundo/africa/africa-do-sul-arm-com-aumento-de-19-nos-lucros-anuais/
