Summary Group revenue up 44,3% to R4,1 billion Headline earnings per share (‘HEPS’) of 53,0 cents Operating profit margin of 13,5% Net asset value (‘NAV’) per share up 10,5% to 3 038 cents Return on net operating assets 15,1% Interim dividend of 10 cents per share declared 24 October 2024…
Afrimat Mining Services embarked on a new Drilling & Blasting project in Steelpoort for the De Groote Boom mine. De Groote Boom mine is an MG4 opencast chrome mine that is developing into a mountain crop. Blasting consists of waste blocks in the region of 40 000 BCM’s (Bank Cubic…
Johannesburg, 12 September 2024 – Afrimat, the JSE-listed mid-tier mining and materials company providing construction materials, industrial minerals, bulk commodities, and future materials and metals, has released the findings of its Afrimat Construction Index (ACI) for the second quarter of 2024. The ACI is a composite index of the level…
To optimize limestone production and extend the mine’s lifespan, Afrimat Mining Services embarked on a significant pit expansion project at Marble Hall. This involved strategically removing overburden (waste rock) to expose valuable limestone reserves through controlled blasts. Limestone is a crucial mineral resource in the mining industry. Its versatility and…
Afrimat, a leading mid-tier mining and materials company providing Bulk Commodities, Construction Materials, Industrial Minerals and Future Materials and Metals, recently published the Group’s second Environmental, Sustainability and Governance (ESG) Report for the F2024 financial year. The report was released in conjunction with the Group’s Integrated Annual Report. Operating in…
In August 2023, Afrimat Nkomati Mine finalized the decision to take responsibility for repairing the road from Mzinti to Madadeni, Ehlanzeni, Mpumalanga. The condition of the road had deteriorated to an almost undrivable state, which was jeopardizing future sales and service delivery by private trucking operators. Repairing the road intended…
The pursuit of mining excellence at Afrimat is demonstrated through innovative practices and advanced techniques, as showcased by the recent improvements at Jenkins Mine in the Northern Cape. The eastern part of Jenkins Mine contains well-exposed outcrops of dense black hematite, dipping at approximately 17 degrees to the west. At…
The pursuit of efficiency has been a paramount driving force at Afrimat over the past couple of years. Our recent mining conference showcased just how spectacular our journey has been. Our relentless pursuit of efficiency, particularly in the realm of our fixed plants, has yielded remarkable results with some plants…
In early 2021, Afrimat commenced the underground mining phase at Nkomati. With the tarnished history of the mine and underground mining in general, it was a bold step forward. The primary objective of this project was to access 20 million tons of high-grade anthracite coal, which could not be mined…
At Afrimat, quality assurance and laboratory testing are fundamental to the safety, durability, and performance of infrastructure projects. Our Afrimat Worcester Lab plays a pivotal role in ensuring that our aggregates meet the highest standards, safeguarding public safety and enhancing the overall quality of construction. The Importance of Quality Assurance…
