09
Mar
11:48
South Africa miner ARM’s iron ore earnings shrink
South African miner African Rainbow Minerals (ARM) saw a decline in headline earnings of iron ore and manganese, despite increased manganese alloy revenue, in the first half of fiscal-year (FY) 2022, or six months through December 2021, Kallanish understands.
ARM ferrous headline earnings fell 18% on-year to ZAR 2.42 billion ($160 million) due to lower average realised US dollar iron ore prices, increased on-mine production unit costs, higher freight rates an…
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Anonymous
Very good overview of the weekly steel market.
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