ARM and Norilsk Nickel are pleased to announce the approval of a R3.2 billion ($445 million) Phase 2 Large Scale Mining Expansion to increase average annual nickel production to 20,500 tonnes from 5,500 tonnes and extend the life of mine by 18 years to 2027.
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ARM and Norilsk Nickel are pleased to announce that the R384 million (US$62 million) “Interim Plant” Project, released in February 2006, successfully started commissioning two months ahead of schedule, within budget and with zero lost time injuries.
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The ARM results for the 12 months to June 2007 have been positively impacted by volume increases relating to platinum group metals (PGMs), manganese and iron ore as well as chrome ore sales from Nkomati Mine.
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ARM shareholders are hereby referred to the announcement released by Harmony Gold Mining Company Limited earlier today.
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ARM and Xstrata Coal today announced the development of a major new greenfield, open cut, thermal coal mine, Goedgevonden, at a total investment of ZAR2.9 billion (US$392 million).
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Assmang which is jointly owned and controlled by ARM and Assore Limited announced on 26 January 2006 the construction of an 8,4 million tonne per annum (mtpa) export mine – the Khumani Iron Ore Mine - near Kathu in the Northern Cape Province.
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The ARM group results for the six months to December 2006 have been positively impacted by a much higher contribution from its platinum, nickel and ferrous operations. Strong PGM prices, an increase in PGM ounces produced and the significant increase in nickel prices during the period have impacted positively on the ARM operating results.
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ARM and LionOre Mining International Ltd co-owners of the Nkomati nickel mine in South Africa, are pleased to announce an increase in Nkomati’s nickel reserves of 50% from 324,627 Ni tonnes to 485,377 Ni tonnes and a revised resource statement of 942,254 tonnes of nickel, from the previous statement of 674,735 tonnes of nickel.
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Jongisa Magagula
Head of Investor Relations and Corporate Development
Tel: +27 (0) 11 779 1300
E-mail: jongisa.magagula@arm.co.za
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