HomeBase MetalsARM Ferrous profits continue

ARM Ferrous profits continue

ARM’s new Khumani
iron ore mine
in the Northern Cape

Johannesburg, South Africa — MININGREVIEW.COM — 29 April 2009 – South African diversified miner African Rainbow Minerals (ARM) expects to make a reasonable profit from its manganese and iron ore businesses this year at current prices, but sees its chrome operations at risk.

ARM Ferrous chief executive Jan Steenkamp said that while the company had cut its output across the unit or slowed down its expansion plans, it would review the situation on a quarterly basis to see if further output cuts were needed.

“Manganese and iron ore at current prices are profitable, but chrome is the challenge,” Steenkamp told Reuters in an interview.

ARM develops its ferrous assets in a 50-50 joint venture with metals trading group Assore.