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Last 7,968
Change Today -163.00 / -2.00%
Volume 372.7K
As of 11:00 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

african rainbow minerals ltd (ARI) Snapshot

Open
$7,950
Previous Close
$8,131
Day High
$8,109
Day Low
$7,902
52 Week High
07/30/14 - $20,301
52 Week Low
07/3/15 - $7,902
Market Cap
17.3B
Average Volume 10 Days
425.1K
EPS TTM
$12.89
Shares Outstanding
217.5M
EX-Date
09/29/14
P/E TM
6.2x
Dividend
$600.00
Dividend Yield
7.53%
Current Stock Chart for AFRICAN RAINBOW MINERALS LTD (ARI)

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african rainbow minerals ltd (ARI) Details

African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa. It explores for precious metals, base metals, ferrous metals, and alloys, which include platinum group metals, nickel, copper, iron ore, manganese ore, chrome ore, ferromanganese, and ferrochrome alloys, as well as coal. The company also has interests gold assets in South Africa and Papua New Guinea. It has 11 underground mines, 1 open pit operation, and various surface sources in South Africa. The company also sells its products in Europe, the Americas, and the Far and Middle East. African Rainbow Minerals Limited is based in Sandton, South Africa.

14,066 Employees
Last Reported Date: 10/14/14

african rainbow minerals ltd (ARI) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: R9.6M
Executive Chairman and Chairman of Executive ...
Total Annual Compensation: R10.8M
Financial Director, Executive Director, Chair...
Total Annual Compensation: R6.5M
Chief Executive of Strategic Services & Explo...
Total Annual Compensation: R8.6M
Chief Executive of Platinum
Total Annual Compensation: R5.3M
Compensation as of Fiscal Year 2014.

african rainbow minerals ltd (ARI) Key Developments

African Rainbow Minerals Limited Provides Unaudited Earnings Guidance for the Year Ending June 30, 2015

African Rainbow Minerals Limited provided unaudited earnings guidance for the year ending June 30, 2015. Headline earnings for the year are anticipated to be at least ZAR 849 million or 855 cents, 45% less than those for the same period in the previous financial year. Headline earnings reported for the year ended June 30, 2014 were ZAR 108 million, while headline earnings per share were 1,900 cents. The decrease in headline earnings is largely due to the decline in US Dollar commodity prices compared to those achieved in the previous comparable period, especially for iron ore. The lower US Dollar prices are partially offset by a weaker Rand/US Dollar exchange rate during the period. Basic earnings reported for the year ended June 30, 2014 were ZAR 289 million, while basic earnings per share were 1,521 cents. Accordingly, company announced that basic earnings for the year ending June 30, 2015 are anticipated to be at least ZAR 809 million or 837 cents, 55% less than those for the same period in the previous financial year.

African Rainbow Minerals Eyes Marula Platinum

African Rainbow Minerals Limited (JSE:ARI) is looking at acquiring Marula platinum mine (Marula Platinum (Pty), Ltd.) put up for sale by Impala Platinum Holdings Ltd. (JSE:IMP), Chief Executive Officer Mike Schmidt said. He added African Rainbow Minerals had spoken to various parties about buying platinum assets.

African Rainbow Minerals Plans to Cut Jobs at Black Rock Manganese Mine

African Rainbow Minerals (ARM) may cut jobs and investments at its Black Rock Manganese mine located in the north of South Africa, citing weak metal prices that resulted in a 56% decline in first-half earnings. The company's decision is aimed at saving cash in order to cope with prices of weaker iron ore and platinum.

 

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