ARM Coal

Participating Coal Business (PCB)

Management:		Governed by a supervisory committee with five Xstrata representatives and three ARM representatives
ARM’s economic interest:		20.2%
Total labour:		3 087 Employees 2 714 Contractors

Operating statistics

(100% basis)		F2012	F2011	F12/11 % change
Total saleable production	Mt	13.2	12.9	2
Impunzi	Mt	5.5	4.3	28
Mpumalanga	Mt	0	0.8	–
South Stock	Mt	3.1	4.0	(23)
Tweefontein	Mt	4.6	3.8	21
Total sales	Mt	13.3	13.2	0
Export	Mt	9.3	9.2	1
Eskom	Mt	3.3	2.8	18
Local	Mt	0.7	1.2	(42)
Average price received
Export (FOB)	US$/t	98.75	79.30	25
Eskom (FOR)	R/t	120.31	105.98	14
Local (FOR)	R/t	262.12	296.59	(12)
On mine saleable cost per tonne	R/t	321.37	338.07	(5)
Cash operating profit	R million	1 838	1 133	61
Operating margin	%	24	20	–
Capex*	R million	2 230	2 620	15

Attributable profit analysis

		F2012	F2011	% change
Cash operating profit attributable to ARM		369	229	61
Less:	interest paid	(118)	(107)	(10)
	amortisation	(268)	(282)	5
	fair value adjustments	(20)	(27)	26
Profit before tax		(37)	(187)	80
Tax		10	52	81
Headline earning attributable to ARM		(27)	(135)	80

Refer to note 2 for ARM Coal segmental information. (PDF - 62KB)