ARM Ferrous

Iron Ore Division

Management	Jointly managed by ARM and Assore, through Assmang. ARM provides administration and technical services, while Assore performs the sales and marketing function as well as technical consulting services.
Resources Measured and Indicated	Beeshoek	117.5 million tonnes 63.75% iron
Resources Measured and Indicated	Khumani	709.0 million tonnes 64.26% iron
Reserves Proved and Probable	Beeshoek	54.0 million tonnes 64.05% iron
Reserves Proved and Probable	Khumani	512.9 million tonnes 64.46% iron
Total labour	4 738 (includes 2 706 contractors)

100% Basis		F2009	F2010	F2011	F2012	F12/11 % change
Attributable headline earnings	R million	1 080	718	2 327	2 986	28
Operating margin	%	60	41	61	55	–
Total iron ore sales	000t	7 410	9 799	10 006	14 753	47
Beeshoek Iron Ore Mine
Iron ore produce	000t	2 658	521	960	2 104	119
Iron ore sold*	000t	1 593	867	688	1 389	102
Sales revenues*	R million	1 284	410	407	724	78
Total costs	R million	361	353	263	367	40
Operating profit	R million	923	62	144	357	148
Capex	R million	160	48	83	306	267
Khumani Iron Ore Mine
Iron ore produced	000t	6 646	8 765	8 725	11 555	32
Iron ore sold	000t	5 817	8 932	9 318	13 364	43
Sales revenues	R million	3 733	4 518	9 935	14 572	47
Total costs	R million	1 576	2 566	3 598	6 558	82
Operating profit	R million	2 157	1 952	6 341	8 013	26
Capex	R million	1 369	2 256	3 142	3 033	(3)

Refer to note 2 for Iron Ore segmental information. (PDF - 63KB)